A. We can't provide specific advice on your circumstances but, as a general rule, your investment timeframe is the most important consideration with fund selection i.e. when you think you’re likely to retire.
For example, people with a 20-year retirement horizon and who aren’t planning on making a first home withdrawal should still be in a growth-oriented fund, and don’t need to do anything. Over the long term, KiwiSaver account balances should increase again when then the market recovers. Switching funds temporarily, say from Growth to Conservative, will lock in any loss and is risky. When the market recovers, buying back into growth assets (like shares) will be more expensive, meaning you may likely have fewer growth assets in your portfolio than prior to the crisis.
Changing funds can have a big impact on your future retirement income. You can assess for yourself what changes to fund type and contribution level will have by logging on to Kiwi Wealth's award-winning Future You tool.