KiwiSaver turns two
That's according to the Association of Superannuation Funds of New Zealand (ASFONZ) which promotes workplace savings. 1 July 2009 marks the second anniversary of the introduction of KiwiSaver.
ASFONZ Chair David Ireland says it is a time to reflect on the scheme and its impact on the savings habits of New Zealanders.
"While the take up rate of KiwiSaver has exceeded all expectations, there is still debate in some quarters as to whether it has had a positive impact on the level of New Zealand savings as a whole.
"Some say that having a quarter of New Zealand's population signed up as KiwiSavers is a roaring success.
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