Nostrils twitching over super

Axa's annual survey of OECD countries (plus China) shows New Zealanders are more aware of the issues around their retirement, and that more are saving. It also shows a rise in awareness of KiwiSaver.

Axa New Zealand chief executive Ralph Stewart says the survey shows firstly, that few New Zealanders, especially those under 45, expect the state funded superannuation to be available in its current form when they get to retirement age.

And most - more than two thirds - expect "significant policy reform" in superannuation over the next decade.

However, they do not want that to include a rise in the official retirement age, and they are overwhelmingly opposed - by two to one - to raising the age.