Sam Stubbs: Simplicity Founder says more needs to be done to increase KiwiSaver balances

Published: June 13, 2024, 8:43 p.m.

Changes to KiwiSaver could be on the way, but one provider says more needs to be done.\xa0

Retirement Commissioner Jane Wrightson says New Zealanders' balances are too low.\xa0

She wants the minimum contrition to rise by one percent, alongside employers' contributions.\xa0

But Simplicity Founder Sam Stubbs told Mike Hosking that the Government should be doing more to encourage retirement savings.\xa0

He says as long as it's not compulsory, those who need it the most won't use it. \xa0

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