INDEPENDENT NEWS

Nearly Three Quarters Have Not Considered Retirement Savings

Published: Mon 12 Nov 2012 10:32 AM
Nearly Three Quarters Of New Zealanders Have Not Considered Their Retirement Savings Goal
People who have thought about their retirement savings target are the most confident of achieving the retirement lifestyle they want, according to ANZ’s latest Retirement Savings Confidence Barometer released today.
The quarterly survey asked 825 people if they are saving for retirement, how much weekly income they would like in addition to New Zealand Superannuation when they retire, and how confident they are about reaching the lump sum they need to achieve their savings goal.
“Only 29 per cent of respondents had looked into their savings goals before taking part in our survey. Of these people who have previously considered their target, 65 per cent were confident,” said John Body, Managing Director ANZ Wealth and Private Banking, New Zealand.
Among those who have never previously considered the figure they are saving towards only 40 per cent said they were confident of reaching their goals.
[...]
Read the full release here:ANZ_Retirement_Savings_Confidence_Barometer_FinalNov12.pdf
ENDS
ANZ Bank
Get on top of your money
ANZ has been helping New Zealanders get on top of their money ever since we opened for business in 1840. We were New Zealand's first bank and today we have a large network of full-service branches and ATMs, and talented people across the country.
We're passionate about helping our customers make their money work harder and equipping them to make better financial decisions. Whether it's travelling the world, buying a home, building a business, investing for the future or protecting their family's future, we use our financial strength and expertise to help make it happen.
Through our sponsorships, our Staff Foundation and thousands of staff volunteer hours each year, we support causes that make a difference to New Zealanders.
Contact ANZ Bank
Website:
Phone:
0800 269 296

Next in Lifestyle

Malicious Melodrama - Todd Haynes’ ‘May December’
By: Howard Davis
The Austerity Of Quiet Despair - Wim Wenders’ ‘Perfect Days’
By: Howard Davis
View as: DESKTOP | MOBILE © Scoop Media