Originally Posted by
minimoke
Ordinarily I prefer to keep government mitts off my money. But with Kiwsaver I have an exception. The biggest problem with Kiwsaver is that it has no government guarantee. So your money is at much risk as putting it into a safe as houses insurance company. If we remember back to when accident insurance went totally to the private sector MMH (or was it MMR or MMI - cant recall but something like that) went bust.
For retitment I think we need a more secure model as the aged don't have time to try and recover lost loot.
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