Even so, most investment statements and explanatory notes on investments and superannuation are still fairly complicated.
Seeing a need for clear, concise KiwiSaver information tailored specifically to employers and individual members, TOWER has created an interactive, video-based website to explain the process.
TOWER Investments Chief Executive Tony Hildyard said that the decision to develop the new website was largely based on TOWER's commitment to helping to improve financial literacy among New Zealanders.
"When you've been in the industry for as long as us, it's easy to get caught up in financial jargon. The problem is that it doesn't make it any easier for people who want to invest.
"It's as simple as this. Once someone explains the benefits of long-term savings to you in simple terms, it's obvious how important it is to get started. We want people to know the benefits of KiwiSaver so that they can make an educated decision before they sign up."
Hildyard said that he was pleased that KiwiSaver has raised people's awareness about the need to save for retirement, and commended Inland Revenue and the Retirement Commission for playing such a big role in the education process.
The website will be online at www.towerkiwiplan.co.nz from 10am on 29 June.
Visitors can learn about KiwiSaver, how it affects them as employers or individual members, and TOWER's KiwiPlan.
They can sign up online, ask questions, and download or order investment statements, information sheets and sign up forms. For those with dial-up connections or older browsers, the TOWER KiwiPlan site is also available as an HTML site.
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