FSC welcomes super move
Wednesday, March 8th 2017, 9:26PM
The Financial Services Council has described NZ Super eligibility changes proposed this week as "good policy".
Chief executive Richard Klipin said increasing the pension age to 67 by 2040 made sense, as did the requirement that migrants were resident for 20 years.
He said demographic changes, as well as advances in healthcare and medical technology, meant life expectancies were increasing.
“These are tough issues to manage,” Klipin said. “The nature of work, health and retirement are major issues facing governments and policy makers across the globe. Getting policy settings right, increasing financial literacy, and helping people make quality decisions about savings, investments and lifestyle in retirement are key for the New Zealand community.
"We look forward to contributing to this debate in the lead-up to the election and beyond."
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