NZ’s lack of annuity market presents big issues for future
“We don't have an annuities market in New Zealand and that's a problem that is not drastic today but will be in the future as KiwiSaver balances grow”
New Zealand’s sluggish annuity market will pose a “drastic” problem in the future.
That's according to Commission for Financial Capability investor capability general manager David Boyle, who says what KiwiSavers do with their money once they are 65 is an issue that’s at the top of the commission
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Jason Walls
Thu, 13 Aug 2015
Thu, 13 Aug 2015
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NZ’s lack of annuity market presents big issues for future
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