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Majority of KiwiSavers facing shortfall, irrespective of fund choice
Tuesday 12th of June 2012
The survey found more than 70% of respondents said the scheme encouraged retirement saving, and also that most respondents had definite retirement goals.
Around half aim to retire on $40,000 per annum, with a target of $600,000 accumulated by the end of their working life.
However, ASB wealth and insurance general manager Blair Turnball said most would fail to hit these targets.
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