Labour's KiwiSaver policy pushes NZ towards Australia
That could go as far as some sort of means testing on New Zealand Superannuation, a Pension Commentary from the University of Auckland Retirement Income and Policy Centre says.
Labour is the first political party to offer detailed policy on KiwiSaver in the run up to this year’s election.
Because savings is such a big national issue, political parties should have “prior public discussion” on the issue before releasing policy, he says.
“Labour’s announcements create a point of difference with the current government’s policies but that should not be the objective of saving and retirement income policies – they are too important for that.
“New Zealanders deserve a full debate on all issues associated with the financial implications of an ageing population. KiwiSaver must be part of that debate, but cannot be seen as independent of the whole retirement income framework.”
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