KEY POINTS:
The ASB's Investor Confidence report shows overall, confidence has risen to the highest level recorded in the eight years of the survey.
However ASB's Head of Investment Services Jonathan Beale says knowledge of the KiwiSaver scheme is still not great among those under 30-years-old. "There is still more work to do on the scheme and the IRD is launching a major campaign over the coming months", Beale says.
Mr Beale believes continued media coverage of the KiwiSaver is the only way to make people more aware of it.
It is concerning that 75 per cent of respondents consider their home as part of an investment portfolio given the continued debate about the direction of the housing market and the large number of mortgages requiring to be refixed in the final quarter of 2006, Beale thinks.
The KiwiSaver scheme is a voluntary, work-based savings initiative, which promotes savings over and above New Zealand Superannuation.
- NEWSTALK ZB
