Retirement Income comparison-world wide survey!

This article from “Life time Income” covers a variety of issues, the absence of an assessment of the qualities’ of the models in place e.g. NZ Super/Kiwi Saver perhaps detracting  from the overall  survey results. If Australia received a B plus in the Mercer results (NZ not included) NZ may well have topped the poll

 

http://www.lifetimeincome.co.nz/news/news/2017/july/new-zealand-super-versus-the-world

 

Government Response to 2016 Retirement Commissioner 3 yearly Review: Lame duck!

Government has responded to the 2016 review.  Government continues treading water on most issues, sadly not taking the opportunity to rectify the spousal issue with Section 70 matters. The opportunity to build upon our sound NZ Superannuation and Kiwi Saver models has not been taken up, very much a tired inward looking Government. Some minor creativity and energy could have addressed a number of urgent issues, and a Task force approach to some significant matters that will not go away, would have benefited New Zealanders. There is a  great opportunity for NZ to be a world leader in retirement income policy,   but some vision and mettle is  required.

http://www.mbie.govt.nz/info-services/business/business-law/agencies-we-monitor/commission-for-financial-capability/folder-pdf-library/govt-response-2016-review.pdf

 

Posted Alec Waugh