FMA: KiwiSaver trial to target decision-making a decade out from retirement

Thursday 11 May 17 3:11pm
Financial Markets Authority: The FMA is working with ANZ to see if behavioural insights can prompt more ANZ KiwiSaver members to get retirement advice, or use retirement-planning tools when they hit 56 years old.

The aim of this behavioural insights pilot is to examine if adjusting communications sent to ANZ KiwiSaver members aged 56, and users of their ‘lifetimes’ investment approach, results in more members checking they are on track to achieve their retirement goals. The study also wants to find out if they take action or seek advice, if concerned they aren’t meeting their goals.

Recent FMA research shows us that New Zealanders who started retirement planning at least a decade before they leave the workforce had the highest levels of confidence about funding their retirement. More>

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The Financial Services Council (FSC) represents investment and life insurance companies in New Zealand.

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