Submissions are now open on the government’s Review of Retirement Income Policies, including questions around Superannuation and KiwiSaver.
The process is being run by the Commission for Financial Capability as the office of the Retirement Commissioner. The Review is held every three years and makes recommendations to government on how policy could be improved to ensure New Zealanders continue to have a good standard of living as they age, both now and in the future.
The terms of reference for the 2019 Review ask the Retirement Commissioner to report on the public’s perception of the purpose and principles of Superannuation, whether the country can continue to afford it under its current settings and the impact of retirement policies on current and future generations.
Regarding KiwiSaver, CFFC has been asked to report on the public’s perception of ethical investing and fees, and the effect on KiwiSaver and Super of the changing nature of work, declining rates of home ownership and the increasing number of people working past 65.
The government also wants advice on how it can help New Zealanders stretch their savings through retirement, and policy recommendations to help vulnerable and low-income groups.
The Review will also present international trends to show how other countries are coping with an ageing population.
Submissions close on October 31 and can be made direct through the CFFC website, or emailed to review@cffc.org.nz
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