Skip to content Skip to primary navigation

Retirement Savings Confidence Barometer: September - October 2013

Released 12 December 2013

Key figures:

  • 33% of respondents with a KiwiSaver account do not know what fund they are invested in.
  • Confidence is higher among those who know their fund - with 55% of these feeling they will achieve their goals; compared to 34% feeling confident of those who do not know what fund they are in.
  • 68% of respondents in a growth fund are confident, compared to 46% in a conservative.
  • 53% of KiwiSaver members have checked the performance of their fund and among this group 61% are confident.
  • Overall score now at 50% feeling confident of reaching their goals, among those who are saving, planning to save or expecting to have an additional income in retirement, up from 48% in August 2013.
  • 56% chose up to $300 a week for their preferred additional retirement income, up from 53% in August 2013.
  • 27% of those who plan to have a retirement income on top of NZ Super chose $500 or more as their additional weekly income, same as previous survey.
  • 68% of those surveyed are saving for retirement up from 64% in previous survey
  • 29% of those not saving expect their retirement income to come from other sources like selling their business, an investment property or an inheritance. More than half of those not saving plan to save in the future.
  • 5% of all respondents said they intend to live solely on NZ Superannuation in retirement. 

Download the full media release.

 The fine print Hide
Join the ANZ KiwiSaver Scheme

Find out how to join or transfer today

Need financial advice?

Find out how ANZ can help

Guide and PDS

ANZ KiwiSaver Scheme