Financial Markets Authority concerned older KiwiSaver members lack support
Regulators fear people over 65 may not receive adequate guidance for managing their retirement savings.
The Financial Markets Authority has raised concerns that older New Zealanders may not be getting sufficient support in managing their KiwiSaver funds. The issue highlights gaps in guidance available to people over 65 as they navigate their retirement savings.
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What outlets are saying
RNZ
Why older people may be left out of KiwiSaver
The Financial Markets Authority fears Kiwis over 65 may not get enough support over managing their funds.
RNZ
What happens to your KiwiSaver if you die?
It comes after Australians were warned to make sure they've organised who will get their superannuation savings when they die.