Callanan
Callanan is a representative of the Public Trust in New Zealand, where he oversees the increasing applications for KiwiSaver hardship withdrawals. He has voiced concerns over the rise in financial hardship among families, attributing this trend to escalating cost-of-living pressures and a growing incidence of hardship fraud. Callanan emphasizes the importance of proper vetting for withdrawal applications to protect retirement savings, while also expressing hope for economic recovery as interest rates potentially decrease.
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New Zealand:
Callanan said the Public Trust was seeing a growing number of KiwiSaver members coming back repeatedly for hardship withdrawals.
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