An increasing number of people are dipping into their retirement savings to meet soaring living costs.

KiwiSaver members made 18,291 withdrawals worth an average of $7921 over the year, according to new data.

NZ Herald Wellington business editor Jenee Tibshraeny explains why this is happening.

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An increasing number of people are dipping into their retirement savings to meet soaring living costs.
KiwiSaver members made 18,291 withdrawals worth an average of $7921 over the year, according to new data.
NZ Herald Wellington business editor Jenee Tibshraeny explains why this is happening.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Jenee Tibshraeny: NZ Herald Wellington business editor on the uptick in people withdrawing money from their KiwiSavers due to financial hardship

The UK Prime Minister's signalling much closer ties with the European Union, forced by the war in Iran. 

Sir Keir Starmer's warning the conflict will impact the UK, and although they're preparing to whether the storm, it won't be easy. 

He says it's becoming increasingly clear their long term national interest requires a stronger partnership with Europe.

UK correspondent Enda Brady says no-one wants this war - and he wouldn't be surprised if the UK joins up with the EU by the end of the decade. 

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The UK Prime Minister's signalling much closer ties with the European Union, forced by the war in Iran.&nbsp;
Sir Keir Starmer's warning the conflict will impact the UK, and although they're preparing to whether the storm, it won't be easy.&nbsp;
He says it's becoming increasingly clear their long term national interest requires a stronger partnership with Europe.
UK correspondent Enda Brady says no-one wants this war - and he wouldn't be surprised if the UK joins up with the EU by the end of the decade.&nbsp;
LISTEN ABOVE

Enda Brady: UK correspondent on Prime Minister Starmer indicating the UK will be growing partnership with EU

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f1245107-1060-4e0a-ae78-b4200076cc9a/transcript

The ongoing conflict in the Middle East has been taking place for five weeks, and it's started to impact financial results.

Data shows business confidence has plunged over the last month, airlines are cutting down projected results and retail and construction have taken a hti.

Sam Dickie from Fisher Funds explained further.

LISTEN ABOVE

The ongoing conflict in the Middle East has been taking place for five weeks, and it's started to impact financial results.
Data shows business confidence has plunged over the last month, airlines are cutting down projected results and retail and construction have taken a hti.
Sam Dickie from Fisher Funds explained further.
LISTEN ABOVE

Sam Dickie: Fisher Funds expert on the ongoing economic costs of the Iran war

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/00669f58-08c9-447a-ad24-b42000759031/transcript

Kiwi farmers have voiced concerns about the long-term impacts of the Middle East conflict.

Data shows the conflict will lead to slowdowns for firms in almost every sector - with increased economic uncertainty.

The Country's Jamie Mackay explained further.

LISTEN ABOVE

Kiwi farmers have voiced concerns about the long-term impacts of the Middle East conflict.
Data shows the conflict will lead to slowdowns for firms in almost every sector - with increased economic uncertainty.
The Country's Jamie Mackay explained further.
LISTEN ABOVE

Jamie Mackay: The Country host on farmer voicing concerns about long-term impacts of Iran conflict

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/42529314-7c12-48bb-b4c0-b420007170d5/transcript

Jenee Tibshraeny: NZ Herald Wellington business editor on the uptick in people withdrawing money from their KiwiSavers due to financial hardship

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