A survey by award-winning financial services company Cole Murray shows many Hawke's Bay people say they have no idea of how much they'll need to live on in retirement and three-quarters know their KiwiSaver savings won't be enough.
The Cole Murray Financial Compass Survey questioned more than 120 Hawke's Bay people with a variety of backgrounds and incomes.
Cole Murray director Jeremy Cole said 87 per cent of respondents were enrolled in KiwiSaver.
"For three-quarters of those people, however, they admitted to knowing they can't rely on KiwiSaver being enough for their retirement, but are not sure what to do about it," Mr Cole said.
"It indicates that the level of understanding about the scheme is quite low."