Susan Taylor: Lockdown hardships push more people to get Kiwisaver funds out earlier

Financial hardship thanks to lockdown means more people are trying to get their Kiwisaver funds out earlier.  Budgeting advisers say there's been a 25 to 40 per cent increase in the number of payouts being approved.  That means an increase in rejected applications that they don't quite meet the hardship standard -  and this is proving tough for some to hear.  Financial Services Complaints CEO, Susan Taylor told Kate Hawkesby they have noticed increased demand for their services."We’ve had about a five to ten percent increase, just in the last few months, which we see as a bit of a trend happening.” LISTEN ABOVESee omnystudio.com/listener for privacy information.