UK can 'learn lessons' from Kiwi personal accounts

New Zealand launched KiwiSaver, its national pension scheme based on auto-enrolment of workers through their employers, in July. The scheme has attracted more than 200,000 members, a 64% increase since the end of August, according to New Zealand’s Inland Revenue. Many pensions industry specialists, Xafinity included, have been gauging the success of KiwiSaver with bated breath, especially as personal accounts – planned for 2012 – loom increasingly large on the horizon. Clare Ward, director at Xafinity Paymaster, says: “Those aspects of the KiwiSaver scheme which may be transferable and r...