The Financial Services Council (FSC) has today released a new discussion paper, KiwiSaver 2050:
Pathways to the Future, aimed at kickstarting a conversation about how New Zealand can make
the most of the nearly trillion dollar opportunity that KiwiSaver will present in 2050 and beyond.
The discussion paper takes a whole-of-system look at KiwiSaver and the broader New Zealand
retirement framework and highlights a number of key considerations and issues to address,
which will be fundamental to the long-term success of KiwiSaver.
“In commissioning KiwiSaver 2050 we wanted to help start a debate and conversation about
how KiwiSaver can be refined and improved in future years to better deliver for New Zealanders
and our long-term health and well-being”, said Richard Klipin, CEO of the Financial Services
“KiwiSaver is still a young scheme, but it is growing fast and we estimate that almost one trillion
dollars in funds will be under management by 2050 ($498bn in real terms). These are big
numbers and the potential positive benefits for New Zealand if we get the KiwiSaver framework
right for future demands are significant.
“We’re not claiming to have all the answers but we’re hoping that KiwiSaver 2050, by taking a
holistic look at the KiwiSaver framework rather than an issues based approach, will help further
Read the media release and full report.