Is the ‘Risk Indicator’ on your KiwiSaver PDS useful or not?

When deciding which KiwiSaver fund to go with, how much weight do you put into the ‘Risk Indicator’ associated with the fund? Do you find this risk indicator to be advantageous to you?
What Happens to My KiwiSaver Account on My 65th Birthday?

We talk a lot about planning out your retirement and KiwiSaver account. But what happens to your KiwiSaver funds once you hit 65?