Retirement Savings Confidence Barometer: April - May 2014

Released 2 July 2014

Key figures:

  • 70% of those surveyed are saving for retirement.
  • 5% of all respondents said they intend to live solely on NZ superannuation in retirement, same as previous survey.
  • 29% of women believed they would need more than $500 per week on top of national superannuation when they retired, compared with 34% of men indicating they wanted to earn this much.
  • Despite their lower expectations on future income, 31% of women were confident of reaching their retirement savings goals, compared with 51% of men.
  • 50% of respondents said they would consider getting professional advice about KiwiSaver and their retirement savings plan.
  • 55% of people nominated banks as their first choice for advice on KiwiSaver or retirement savings.
  • 33% of people aged 45 to 64 years would consider using an investment broker for advice.

Download the full media release.

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