Tate calls for KiwiSaver advice funding
Tate will raise the issue at a debate in Wellington on the benefits and drawbacks around compulsory superannuation and whether it is appropriate for New Zealanders.
Speaking to Good Returns yesterday, Tate said, “As part of the debate tomorrow in Wellington I’ll be highlighting the fact I believe the Government should be reducing the level of upfront support to KiwiSavers in lieu of providing them with a portion of upfront support and a portion for advice.”
He said new research from a study being released this Thursday found only 25% of KiwiSavers had taken financial advice, a situation Tate claimed was “absolutely ludicrous.”
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