What is Saving New Zealand?

Saving New Zealand is a project instigated by the Investment Savings and Insurance Association (“ISI") to bring a fresh view to the debate on savings in New Zealand.

The plan is to form a ‘Partnership’ of government, individuals, employers, unions and the financial services industry to design a framework for savings that will enable New Zealanders to each accumulate sufficient personal savings to give them more financial freedom.

The ISI believes that private saving in New Zealand has been stifled by the public’s confusion and general lack of understanding about how and why they should save.  Increased savings has the potential to substantially increase both personal and national welfare.

Understandably, there is some reluctance to lock savings away for a long period when the immediate future appears so uncertain and there are other spending priorities such as health and education.