'Retirees' stick with KiwiSaver, AMP says
More people over the pension age are choosing to keep their KiwiSaver funds active, AMP Wealth Management says.
“We’re seeing fewer KiwiSaver clients withdrawing all their funds when they reach retirement age,” chief executive Blair Vernon said.
“In fact, nearly 7% less than this time last year, representing about $4 million in KiwiSaver investments.”
Vernon said low interest rates were one possible reason for the trend, but said KiwiSaver offered more than a...MORE»
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