Settings leave KiwiSavers unprepared for retirement, says Morningstar

The low contribution rate and the fact that KiwiSaver is optional has led to more cautious investments. (Image: Getty)

Thu, 27 Oct 2022

New Zealand investors are less long-term oriented and less prepared for retirement than Australians, due to KiwiSaver’s structure, says research by Morningstar.The financial services firm’s first global investor portfolio study analysed data from 14 investment markets to better understand how individual investors construct portfolios. The report found a wide divergence between portfolios in different markets, seemingly influenced by retirement policies, local culture and the regulatory landscape. Markets with 'defined...

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