Economics expert dismisses idea of setting up multiple KiwiSaver accounts

Author
Newstalk ZB,
Publish Date
Tue, 10 Sep 2019, 11:19AM
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Economics expert dismisses idea of setting up multiple KiwiSaver accounts

Author
Newstalk ZB,
Publish Date
Tue, 10 Sep 2019, 11:19AM

An economics expert is dismissing a recommendation people set up multiple KiwiSaver accounts.

It's among a number of suggestions from a capital markets working group.

Massey University economics expert Dr Claire Matthews told Kate Hawkesby there are not necessarily any benefits to having multiple accounts.

She says international research shows people with more than one retirement fund often lose track of them.

Matthews says it can ultimately end up as unclaimed money that ends up in the hands of the Government.

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