Investment News New Zealand : Labour, National agree on KiwiSaver freedom:
KiwiSaver compulsion – soft or otherwise – appears to be off the mainstream agenda in the latest political cycle with both major parties downplaying the prospect of any substantial changes to the savings regime.
Incumbent Finance Minister, Steven Joyce, told the 300-plus crowd at the joint Financial Services Council (FSC)/Workplace Savings NZ (WSNZ) conference in Auckland last week he was “not in favour of compulsion” for KiwiSaver.
“There are times in people’s lives when it’s not in their best interests to [contribute to KiwiSaver],” Joyce said. MORE>