3 February 2011
Industry players have welcomed a proposal to automatically enrol all employees aged over 18 into KiwiSaver but warn more changes to the scheme are likely to bring more costs - some of which will have to be passed on to savers.
2 February 2011
The Chairman of Workplace Savings NZ David Ireland says the recommendations are a starting point for discussions around KiwiSaver, but not the solution.
“Leaving KiwiSaver voluntary for the time being makes a lot of sense, for the reasons set out in the report, but you can be sure this will not be the end of the compulsion debate"
1 February 2011
The Savings Working Group released its final report "Saving New Zealand: Reducing Vulnerabilities & Barriers to Growth & Prosperity" to the Minister of Finance today.
24 November 2010
Reserve Bank governor Alan Bollard has suggested several measures that could improve national savings over the medium term in a submission to the Government's Savings Working Group.
24 August 2010
An independent Savings Working Group announced today by the Government has a wide brief to consider how New Zealand can improve its national savings, Finance Minister Bill English says.