27 Aug 2015

Should KiwiSaver kickstart have been axed?

From Nine To Noon, 9:35 am on 27 August 2015

Kiwisaver is likely to give middle and lower income New Zealanders a higher standard of living in retirement according to an independant evaluation of Kiwisaver by NZIER. The Financial Services Council who commissioned the report says that means KiwiSaver's $1000 kickstart was removed on the basis of inaccurate information. Treasury's report argued KiwiSaver was poor value for money and had not substantially increased New Zealanders' savings. Peter Neilson is the Chief Executive of the Financial Services Council.