Someone needs to turbocharge the KiwiSaver scheme

An 18-year-old will be $12,000 worse off at retirement after withdrawing $1,000 for a rental bond, as suggested by National. (Image: Getty)

Warren Couillault

Sat, 16 Sep 2023

Over the past few months, I've been quietly hoping the politicians, as they get into election campaign mode, will start talking about how we can improve KiwiSaver to help it reach its full potential. The strongest version of KiwiSaver was introduced in 2006 by Sir Michael Cullen and, since then, not a single politician has talked about strengthening the scheme.Instead, the various proposals from politicians seem set on removing it from its purpose of helping fund New Zealanders’ retirement.The Key/English National government made...

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