The results of a nationwide survey aimed at finding out how we will cope with the needs of the growing ranks of ageing baby boomers was released on Monday 24 August 2009.
The survey, the first of its type, shows how older New Zealanders are faring today and confronts the policy issues posed by a greying population. Researchers say the results provide a valuable insight into what contributes towards a good quality of life for the elderly today, and have significant implications for what life might be like for those for whom retirement looms.
A study was undertaken in the first half of 2009 to provide an insight into the spending patterns of retired people in New Zealand.
This article in Policy Quarterly discusses two ways of managing assets for income in retirement - annuitisation and drawdown - and makes a case for some state intervention to facilitate some version of annuitisation. 2008.
Every 3 years, the Retirement Commissioner is required under legislation to make a Review of Retirement Income Policy. This is the summary of the report for 2007. It contains a brief round-up of the issues and lists the recommendations. Learn about other Retirement Commission Reviews.
Every 3 years, the Retirement Commissioner is required under legislation to make a Review of Retirement Income Policy. This is the report for 2007. It contains a broad introduction to New Zealand policy and contemporary issues.
This paper was written as input to the Retirement Commissioner's 2007 Review of Retirement Income Policy to give an overview of the situation and issues in home equity release.
This paper was written as input to the Retirement Commissioner's 2007 Review of Retirement Income Policy to give an overview of the situation and issues in managing income and assets in retirement, including annuity products.
This paper was written as input to the Retirement Commissioner's 2007 Review of Retirement Income Policy to give an overview of the situation and issues in taxation affecting retirement provision.
Housing is an important sector of the economy. It has widespread implications for investment, banking, saving and employment. Home ownership has been linked to building social capital and a sense of community. Furthermore housing equity is a significant element of retirement accumulation for many New Zealanders. This Treasury Working Paper uses unit record data from a new panel survey (SOFIE) to study housing wealth in household portfolios. It then estimates the rates of saving that would be needed to smooth consumption between pre- and post-retirement.
Home ownership rates among older people in New Zealand are high, but their incomes are, on average, lower than for younger age groups, so that many fit the description "asset rich, income poor". Housing wealth can be used in various ways. Trading down may release some equity, but if people wish to stay where they are, there are a variety of commercial equity release (ER) options.