Recession no deterrent to KiwiSaver
Over the past six months, some 190,000 New Zealanders have signed up to the government-sponsored retirement scheme, taking total enrolments to more than 1.1 million.
The trend has mirrored that of ING New Zealand, the largest KiwiSaver provider, which has more than 253,000 members.
"While some people expected the trend for enrolments might suffer in the current climate, all the data from the last six months has been positive and consistent," said David Boyle, head of KiwiSaver distribution at ING.
"We are now seeing increasing numbers of New Zealanders actively saving for their retirement and a much greater understanding that the earlier people start a good savings regime, the better off they will be when they come to retire."
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