Association to lobby minister for KiwiSaver changes

“There is a clear link between wellbeing and financial confidence and capacity,” said Katrina Shanks, chief executive.

“To help New Zealanders build a successful future, access to quality advice and confident use of tools such as KiwiSaver, is essential.

“Sixty-eight per cent of New Zealanders have money worries and 44% could access only one month or less of income from savings or other means. That’s two of the many very concerning statistics that access to quality financial advice can greatly aid in improving.

“KiwiSaver advice for young New Zealanders starting work is a prime example: we want to see more young Kiwis able to access quality advice on this essential savings tool at the beginning of their working life; to help give them confidence and capacity to build financial wellbeing.”

The association's recommendations cover three key points.