Quote Originally Posted by blackcap View Post
No I mean no NZ super at all. Just compulsory Kiwisaver. Super goes, the Kiwisaver is in its place.
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.