New Zealanders have the opportunity to contribute to the government’s Review of Retirement Income Policies, including
questions around Superannuation and KiwiSaver.
Submissions are now open for the Review, 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
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.
Interim Retirement Commissioner Peter Cordtz said the Review team was busy undertaking research, running focus groups
and in-depth interviews and meeting with people who also work to help New Zealanders in retirement.
“We want to hear from as many individual New Zealanders and organisations as possible, and value what they have to say,”
Submissions are open until October 31 and can be made direct through the CFFC website
, or emailed to email@example.com
The Retirement Commissioner’s report with recommendations is due to be tabled in Parliament in December.