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Will KiwiSavers be denied control of their savings?

Sunday 27th of October 2019
In the Government’s triannual review of Retirement Income Policy, Auckland University’s Retirement Policy and Research Centre has recommended the introduction of KiwiSpend, a new scheme that would deny investors in KiwiSaver access to their savings when they reach age 65.
Instead they would be defaulted into a Government-regulated annuity scheme, providing a regular income i...
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