Even the world's most-envied retirement plan is falling short

Even the world's most-envied retirement plan is falling short
In their twilight years, retirees usually have one thing in common: they want to know they'll be secure. (Image: Depositphotos)
Bloomberg
By Amy Bainbridge, with assistance from Chris Bourke and Suzanne WoolleyBetween BlackRock’s Larry Fink and UK chancellor Jeremy Hunt, it's official: Australia’s A$3.7 trillion (NZ$4.05t) retirement system is the envy of the wealthy world.In his budget speech to Parliament in March, Hunt cited Australia’s private super funds as delivering “better returns for pension savers with more effective investment strategies”. Three weeks later, in his annual letter to investors, Fink – BlackRock’s ch...

More Economy

US tariff risk less than expected for FPH, Jarden says
Economy

US tariff risk less than expected for FPH, Jarden says

Jarden says tariff-related impacts on earnings would be "nominal" by 2030.

John Anthony 04 Apr 2025
Trump’s tariffs may spur a more dovish RBNZ
Economy

Trump’s tariffs may spur a more dovish RBNZ

The risk appears more weighted to the RBNZ cutting the OCR further than otherwise.

Rebecca Howard 04 Apr 2025
Iron sand project could deliver $265m GDP boost: NZIER
Economy

Iron sand project could deliver $265m GDP boost: NZIER

Iron sands mining in Taranaki could create 1365 jobs, NZIER report says.

John Anthony 04 Apr 2025
NZX-listed companies take stock in wake of US tariff moves
Economy

NZX-listed companies take stock in wake of US tariff moves

Wine makers, manufacturers and others mull what trade wars will bring.

Ian Llewellyn 03 Apr 2025