News
Default scheme move a "missed opportunity"
Thursday 17th of October 2013
Financial Services Council chief executive Peter Neilson said the decision to stick with default schemes investing conservatively would mean New Zealanders had to save more, for longer, and pay more tax.
It had been suggested that default schemes should alter savers’ risk tolerance depending on their age but that was ruled out when the results of the Government's review of the system wer...
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