Treasury wrong to conclude KiwiSaver doesn't increase savings, finance lobby says

Wed, 26 Aug 2015

By Pattrick Smellie Aug. 26 (BusinessDesk) - Treasury analysis claiming that the KiwiSaver scheme doesn't add to national savings rates is wrong because it used data from a short period affected by the global financial crisis, compares the wrong groups of people, and ignores evidence that young and low income people tend not to save without incentives, says the New Zealand Institute for Economic Research. In a paper prepared for the Financial Services Council, which represents the savings industry, the independent economic consultancy als...

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