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flag New Zealand women retire with 37% less savings than men due to lifelong disadvantages, a report finds.

flag A New Zealand report reveals women retire with significantly less savings than men due to lifelong disadvantages, with the gap widening to 37% among those aged 56-65. flag The Retirement Commission’s study identifies six key life stages where policy changes could help close the gap, including extending government KiwiSaver contributions during parental leave—regardless of current contributions—and automating access to a spouse’s KiwiSaver upon separation. flag Recommendations also include improving financial education, increasing access to housing support, reducing fees, and ensuring long-term stability in retirement income systems. flag The report emphasizes that early, preventative policies can yield major social and economic benefits over time.

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