Inflation and its impact on retirement savings

A new report out this morning from Massey's New Zealand Financial Education and Research Centre - finds inflation is becoming a significant factor for superannuitants and those planning for their retirement. The report says inflation has been much higher this year than the actual Consumer Price Index, and the lag in the increase in NZ Super is making it tough for retirees, who are having to rely more on their savings to pay for day to day living costs. It's also a big issue for those nearing retirement. Kathryn speaks with CEO of Financial Advice NZ, Katrina Shanks.