retirement.org.nz

While much attention has been directed towards the accumulation of assets for retirement, including the latest policy initiative ‘KiwiSaver’, to date, there has been little focus on the policy issues around the decumulation phase. KiwiSaver is structured to provide a lump-sum for example, with no concerns yet articulated as to how the money might be drawn down in retirement. New Zealand has not been alone in focusing primarily on the accumulation phase. However New Zealand is a unique position in having perhaps the least proactive policy focus on decumulation in the OECD. Is this of concern? Are there improvements that can be made? What are the policy implications?
 

Attachment
The Policy Implications of Decumulation in Retirement in New Zealand