Why are people not in KiwiSaver?
Analysis by Commission for Financial Capability of negative comments on social media and internet discussion boards:
- Lack of security
- Government policies
- Other “better” investments
- Earning too little to bother
Next time: Other reasons for not being in KiwiSaver, including listeners’ emails.
Note: This session started with a brief addition to the last topic, on The Best Way to Invest in Shares. It covers info on cheap ways to trade shares, and on how much you need to invest in individual shares.
Mary Holm is a freelance journalist, a director of Financial Services Complaints Ltd (FSCL), a seminar presenter and a bestselling author on personal finance. From 2011 to 2019 she was a founding director of the Financial Markets Authority. Her opinions are personal, and do not reflect the position of any organisation in which she holds office. Mary’s advice is of a general nature, and she is not responsible for any loss that any reader may suffer from following it.