This American work, includes a snapshot of  NZ, Canada and Australian retirement income policy. This article  is one for the research community and comparative analysis

https://www.brookings.edu/wp-content/uploads/2019/07/ES_201907_JohnGaleIwryKrupkin.pdf

https://maryholm.com/categories/nz-herald-qa-column/

KIWI SAVER:  Good to see default provider members now  in balanced funds. Those in Kiwi Saver, who switched funds during the Covid 19 emergency (silly people) should now switch back to growth funds.

http://Thousands of young New Zealanders missing out on investment returns MR No. 2021 – 23 The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – is urging young New Zealanders to check they’re in the right KiwiSaver fund. The call follows data indicating over 12,000 KiwiSaver members aged 26-35 years old are sitting in lower risk or conservative funds after switching from higher growth funds during COVID-19 market volatility last year. Data supplied to the FMA by 11 KiwiSaver providers shows around 12,700 younger KiwiSaver members switched from growth to conservative funds between February and April last year and, most of them are still sitting in conservative funds, which may not be aligned with their long-term savings goals. Gillian Boyes, FMA Manager – Investor Capability, is calling for young New Zealanders to take notice of their annual KiwiSaver statement and check if they’re in the fund that suits their needs. “Generally speaking, you should be in a high growth fund the younger you are and the further you are from retirement. Growth funds provide the greatest opportunity to maximise returns and although the balance might jump around, young people have plenty of time until retirement age to recover any losses,” she said. “The exception is if you are planning to make a first-home withdrawal within the next one to three years and may want to choose a conservative fund so you have more certainty around your balance.” Ms Boyes said the number of young people who switched last year and are still in conservative funds is likely larger than 12,000 because the FMA data represents around three-quarters of the KiwiSaver market. The FMA will soon release the full dataset in a report focused on KiwiSaver fund switching during the pandemic.