![First KiwiSaver funds to be released](/pf/resources/images/placeholders/placeholder_l.png?d=793)
First KiwiSaver funds to be released
17,500 people can now access their KiwiSaver retirement nest eggs.
17,500 people can now access their KiwiSaver retirement nest eggs.
A combination of Kiwis living longer and large numbers of baby boomers retiring in the next two decades means the country needs to consider a new retirement option, warns the Financial Services Council.
Reserve Bank figures show household debt, which is 94 per cent mortgages, is still 141.7 per cent of disposable income.