|
|
Dinosaur parties go hand-in-hand into the swamp
The Green Party says that it’s bad news for New Zealand that both dinosaur parties are now backing a dead-end super fund.
Friday, November 26th 2004, 10:24AM
The Green Party says that it’s bad news for New Zealand that both dinosaur parties are now backing a dead-end super fund.
“It’s extraordinary that, purely for reasons of political opportunism, National has done a somersault on its opposition to the Cullen Super Fund,” Green Co-Leader Rod Donald said. “What won’t they do to win the Treasury benches?
“While the Green Party opposes National’s plans to indiscriminately cut taxes for corporates and high-income earners, instead of preparing for the rising costs of an ageing population, we still maintain that the Cullen Fund is the wrong way to meet those needs.
“Despite both National and Labour now singing the same song on the superannuation fund, the Green Party will continue to highlight the fundamental flaws in both the justification for the fund and the way it is being operated.
“New Zealanders deserve certainty and security in retirement, but sinking a large proportion of the Government’s surplus into the overseas share market will have the opposite result.
“The Green Party continues to call for the $2 billion per annum that is going into the fund to instead be invested in infrastructure – such as wind generation, solar water heating and upgrading and expanding the rail network – to improve New Zealand’s long-term sustainability and reduce everyone’s cost of living right now.
“The Government should also be ensuring that our young people are highly productive citizens committed to New Zealand – by reducing the cost of tertiary education through a universal student allowance, lower fees and student debt write-off – so the current generation of baby boomers can feel confident there will still be universal superannuation when they retire.”
This is a press release from the Green Party
Commenting is closed
|
|
News Bites
Latest Comments
Subscribe Now
News and information about KiwiSaver
Previous News
-
Tuesday, June 4th, 9:17AM
KiwiSaver not hot on Kiwi markets
-
Friday, May 24th, 6:02AM
No shift on KiwiSaver balance gender gap
-
Tuesday, May 21st, 6:31AM
National Capital: Women should back themselves on investment
-
Tuesday, May 14th, 6:21AM
Aurora KiwiSaver targets private assets that support business growth
-
Wednesday, May 8th, 5:59AM
QuayStreet and Generate prominent in Morningstar’s latest KiwiSaver results
-
Tuesday, May 7th, 10:00AM
Nikko relaunches its KiwiSaver proposition
-
Tuesday, April 16th, 10:42AM
Best and worst KiwiSavers according to Consumer
-
Wednesday, April 3rd, 5:11AM
Gender pay gap and not contribution rates disadvantage women on KiwiSaver
MORE NEWS»
Most Commented On
Mortgage Rates Table
Full Rates Table | Compare Rates
Lender |
Flt |
1yr |
2yr |
3yr |
AIA - Back My Build |
6.19 |
- |
- |
- |
AIA - Go Home Loans |
8.74 |
7.14 |
6.75 |
6.39 |
ANZ |
8.64 |
7.74 |
7.39 |
7.25 |
ANZ Blueprint to Build |
7.39 |
- |
- |
- |
ANZ Good Energy |
- |
- |
- |
1.00 |
ANZ Special |
- |
7.14 |
6.79 |
6.65 |
ASB Bank |
8.64 |
7.14 |
6.75 |
6.39 |
ASB Better Homes Top Up |
- |
- |
- |
1.00 |
Avanti Finance |
9.15 |
- |
- |
- |
Basecorp Finance |
9.60 |
- |
- |
- |
Bluestone |
9.24 |
- |
- |
- |
Lender |
Flt |
1yr |
2yr |
3yr |
BNZ - Classic |
- |
7.14 |
6.79 |
6.65 |
BNZ - Green Home Loan top-ups |
- |
- |
- |
1.00 |
BNZ - Mortgage One |
8.69 |
- |
- |
- |
BNZ - Rapid Repay |
8.69 |
- |
- |
- |
BNZ - Std, FlyBuys |
8.69 |
7.74 |
7.39 |
7.25 |
BNZ - TotalMoney |
8.69 |
- |
- |
- |
CFML Loans |
9.45 |
- |
- |
- |
China Construction Bank |
- |
7.09 |
6.75 |
6.49 |
China Construction Bank Special |
- |
- |
- |
- |
Co-operative Bank - First Home Special |
- |
6.79 |
- |
- |
Co-operative Bank - Owner Occ |
8.40 |
6.99 |
6.79 |
6.65 |
Lender |
Flt |
1yr |
2yr |
3yr |
Co-operative Bank - Standard |
8.40 |
7.49 |
7.29 |
7.15 |
Credit Union Auckland |
7.70 |
- |
- |
- |
First Credit Union Special |
- |
7.45 |
7.35 |
- |
First Credit Union Standard |
8.50 |
7.99 |
7.85 |
- |
Heartland Bank - Online |
7.99 |
6.89 |
6.55 |
6.35 |
Heartland Bank - Reverse Mortgage |
- |
- |
- |
- |
Heretaunga Building Society |
8.90 |
7.60 |
7.40 |
- |
HSBC Premier |
8.59 |
- |
- |
- |
HSBC Premier LVR > 80% |
- |
- |
- |
- |
HSBC Special |
- |
- |
- |
- |
ICBC |
7.85 |
7.05 |
6.69 |
6.59 |
Lender |
Flt |
1yr |
2yr |
3yr |
Kainga Ora |
8.64 |
▼7.74 |
▼7.35 |
▼6.99 |
Kainga Ora - First Home Buyer Special |
- |
- |
- |
- |
Kiwibank |
8.50 |
7.99 |
7.79 |
7.55 |
Kiwibank - Offset |
8.50 |
- |
- |
- |
Kiwibank Special |
- |
6.99 |
6.79 |
6.65 |
Liberty |
8.59 |
8.69 |
8.79 |
8.94 |
Nelson Building Society |
9.00 |
7.65 |
7.25 |
- |
Pepper Money Advantage |
10.49 |
- |
- |
- |
Pepper Money Easy |
8.69 |
- |
- |
- |
Pepper Money Essential |
8.29 |
- |
- |
- |
Resimac - LVR < 80% |
8.84 |
8.09 |
7.59 |
7.29 |
Lender |
Flt |
1yr |
2yr |
3yr |
Resimac - LVR < 90% |
9.84 |
9.09 |
8.59 |
8.29 |
Resimac - Specialist Clear (Alt Doc) |
- |
- |
8.99 |
- |
Resimac - Specialist Clear (Full Doc) |
- |
- |
9.49 |
- |
SBS Bank |
8.74 |
7.74 |
7.29 |
6.59 |
SBS Bank Special |
- |
7.14 |
6.69 |
5.99 |
SBS Construction lending for FHB |
- |
- |
- |
- |
SBS FirstHome Combo |
6.19 |
6.14 |
- |
- |
SBS FirstHome Combo |
- |
- |
- |
- |
SBS Unwind reverse equity |
9.95 |
- |
- |
- |
Select Home Loans |
9.24 |
- |
- |
- |
TSB Bank |
9.44 |
7.79 |
7.55 |
7.45 |
Lender |
Flt |
1yr |
2yr |
3yr |
TSB Special |
8.64 |
6.99 |
6.75 |
6.65 |
Unity |
8.64 |
6.99 |
6.79 |
- |
Unity First Home Buyer special |
- |
6.55 |
6.45 |
- |
Wairarapa Building Society |
8.60 |
6.95 |
6.85 |
- |
Westpac |
8.64 |
7.84 |
7.35 |
6.99 |
Westpac Choices Everyday |
8.74 |
- |
- |
- |
Westpac Offset |
8.64 |
- |
- |
- |
Westpac Special |
- |
7.24 |
6.75 |
6.39 |
Median |
8.64 |
7.19 |
7.27 |
6.65 |
Last updated: 6 June 2024 9:31am |
|
|