KiwiSaver: maturing well?

KiwiSaver was the world’s first national auto-enrolment savings scheme. It quickly became the prime vehicle for retirement saving in New Zealand. Questions over the level of participation, the number of members not contributing, and access to funds before retirement have largely been answered. Concerns now focus on whether and how KiwiSaver can provide sufficient retirement income as a supplement to New Zealand Superannuation. A greater focus on target outcomes and post-retirement planning is now needed for KiwiSaver to reach full maturity. Above all, there should be a more coherent solution for people asking, ‘How much should I save?’