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The Conversation
The Conversation
Aaron Gilbert, Professor of Finance, Auckland University of Technology

KiwiSaver shakeup: private asset investment has risks that could outweigh the rewards

New Zealand’s superannuation is no longer enough to live on for the country’s retirees. Research has found people need hundreds of thousands in savings to live a comfortable life after work.

But the KiwiSaver scheme, introduced in 2007 to encourage New Zealanders to build their retirement savings, continues to be a political football. Since its creation, there have been multiple tweaks to the scheme, threatening to undermine its core purpose: supporting New Zealanders in their retirement.

In late 2024, the government proposed changes that would make it easier for KiwiSaver managers to invest in private assets.

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