Nearly half of all New Zealanders are now paying into KiwiSaver but many people are still wondering what it's all about and what is actually happening to the money they are putting in.

Today, we're releasing the second video in our four-part series about KiwiSaver, with experts Mary Holm and Chris Douglas tackling the questions below.

Part Two: KiwiSaver Beginner's Guide

* What are providers and how many are there?


* What is a default provider?

* How do I choose a provider and what about fees?

* What happens if I don't like my provider?

* Who do I go to for advice?

* What do providers do with my money? (low, medium, high-risk funds)