'Shortfall for many': Kiwisaver boosts aren't a full retirement plan
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A warning Kiwisaver will still only remain a foundation not a complete retirement plan, despite promised boosts.
National announced yesterday it will make the scheme compulsory - giving every new-born a $1500 boost, if re-elected in November.
It's also promising to raise minimum contributions, make employers contribute for staff over 65, and for staff on paid parental leave.
Generate Investment Specialist Greg Smith told Mike Hosking that long-term outcomes will be driven by decades of regular contributions.
He says Massey University research shows an average metropolitan couple needs around one million dollars for a comfortable retirement.
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