An idea to apportion KiwiSaver savings in old age to prevent financial blow-outs is one step too far, says Simplicity's managing director Sam Stubbs.

Stubbs, speaking this morning on TV3's AM Show, said throttling peoples' retirement savings at 65 wouldn't be a popular move.

Simplicity, he said, supports a greater focus on education rather than dictating how KiwiSaver members manage their money past 65.

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