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If you think your golden years are going to be just that, new research says you may need to think again. Join us as Claire Matthews explains why retirement is becoming more and more unaffordable.
2017 marks ten years since New Zealand’s workplace-based retirement savings scheme, KiwiSaver, was established in New Zealand. The intention with KiwiSaver was to address concerns about the extent of saving by New Zealanders, particularly towards retirement. Since its introduction, successive governments have adjusted the scheme’s operations, many of which have made it less desirable.
Although more than half of New Zealanders have joined KiwiSaver, it is not clear that they have a good understanding of how the scheme works. In addition, there are concerns about decisions that members are making, such as their choice of funds and taking contributions holidays.
In this presentation, Claire will give an overview of KiwiSaver and consider how successful it has been to date. She will offer suggestions for further changes to improve the scheme. She will also identify key matters that KiwiSaver members should consider to ensure they are maximizing the value of their KiwiSaver account.
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Last updated on Tuesday 16 August 2016