Almost 1.2 million people have joined the KiwiSaver retirement savings scheme since it started two years ago, Revenue Minister Peter Dunne says.
Changes to the KiwiSaver law, allowing families of members who die to have quick access to funds in the dead member's account, have been welcomed within the savings industry.
Thousands of dollars invested in KiwiSaver by people who die before retirement age may be left sitting on ice because the legal costs of getting the money out could be more than what is in the fund, according to a superannuation expert.
Kiwisaver was a pointless and hugely expensive straitjacket on the New Zealand economy, according to a report released this morning.
The National Party says it will keep some form of government subsidy for people taking part in KiwiSaver if it wins the election, finance spokesman Bill English says.
Dunedin financial planner Craig Myles is calling for more information to be made available on the numbers of New Zealanders joining KiwiSaver.