Do most people really want compulsory KiwiSaver?

Do most people really want compulsory KiwiSaver?

Do seven in 10 people really want KiwiSaver to be compulsory?

The Financial Services Council, which is a lobby group for insurers and fund managers (many of which make money from offering KiwiSaver) said they do, and published the results of a survey to prove it. It said independent research it commissioned found 41 per cent of adults - equivalent to 1,384,000 New Zealanders aged over 18 years - felt compelled to save.

The research, covering 3060 respondents nationwide in October last year (but which was only released late last month) found 70 per cent of people supported making KiwiSaver compulsory, 65 per cent support a compulsory savings scheme, and a further 5 per cent saying they now "lean toward" supporting it, while 31.2 per cent of people said they wanted to be made to save.

A further 12.1 per cent said they didn't want to be made to save, but knew they needed to.

But do New Zealanders really want to be forced rather than choosing to save?

Link: See full item on STUFF.CO.NZ


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