KiwiSaver yet to prove its worth
Speaking at the Workplace Savings conference in Christchurch Inland Revenue senior evaluator Katherine Meerman says it is an important but unanswered question.
"Because if KiwiSaver isn't growing the retirement savings pool over and above what would have been the case, then what has been the point?"
She says there is some indication of the potential for growth in savings, but there are also indications of substitution behavior.
She says in terms of members, the pool has had relatively steady growth for the last two years, with an average of 30,000 people joining a month and membership at just under 1.5 million which represents 38% of the total eligible population.
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