An update on where New Zealand is with decumulation, as the 2022 Review of Retirement Income Policies sets its sights on the topic.
Retirement
The 2019 Review of NZ Retirement Income Policies
In the Retirement Commissioner’s 2019 Review the highlighted message was “NZ Super is good value“. Recommendations followed three themes: (a) retain and complement the public pension, New Zealand Superannuation; (b) improve the stewardship of retirement income policies; and, (c) improve KiwiSaver, the main private retirement savings product.
Reviewing NZ Retirement Income Policies
NZ Super works well, but increasing longevity puts Kiwis’ retirement savings at risk.