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The Financial Markets Authority's annual KiwiSaver report is out, revealing more than 32-thousand New Zealanders withdrew nearly a billion dollars, between them, in the year to March, to help buy their first home. We explore whether the two point eight million New Zealanders, who now have nearly 50 billion dollars invested in Kiwisaver schemes, are getting the most out of their retirement investment.
In July John Cliffe spoke to Nine to Noon about an open letter he and a group of fellow financial advisors sent to the FMA and the Reserve Bank asking them to reform the rules so KiwiSavers' funds were not left to languish in low-yielding default plans.
Today the FMA's director of regulation, Liam Mason speaks to Kathryn Ryan.
