Brian Gaynor: "Why Aussies are winning the retirement race"

Posted by Nicola Hines in Kiwisaver, Retirement, Savings on

A major Australian Productivity Commission report on superannuation presents an opportunity to compare retirement savings on both sides of the Tasman.

Unfortunately, the comparisons are not flattering — New Zealanders have private superannuation assets of only $17,100 per capita compared with A$111,300 ($118,400) per capita in Australia.

Why do New Zealanders have significantly less retirement assets than Australians and how can we reduce this massive gap?

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