Day: 2 October 2013

Kaspanz Submission on Flexisuper

Sent to the Treasury 1st October 2013

Attached is the Response of the consumer group KaspanzKiwi Saver, Annuities and Superannuation Protection Association New Zealand Incorporated– and the request for comment by October 11, 2013 on the Flexible Superannuation proposal

FLEXIBLE SUPERANNUATION: Submission by Kaspanz

Kaspanz is a New Zealand consumer organisation representing people in receipt of New Zealand Superannuation, Kiwi Saver, Annuitants or Pensions.

Kaspanz on the weight of evidence it has been able to assess, does not support the proposal

Continue reading Kaspanz Submission on Flexisuper

Overseas Pensions – Jan McKeogh

Jan McKeogh commented 

Please advise what type of lobby can be joined with regards to overseas pensions and NZ Superannuation,and other anomalies which exist.

Alec Waugh’s Reply

This question is all about lobbying and advocating change to Section 70 of the Social Security Act. This is always a vexed issue, and no simple answer.

Writing letters to MPS and visiting your local Parliamentary members is one practical way, and Continue reading Overseas Pensions – Jan McKeogh

Overseas Pension

From Alec Waugh

At the recent Auckland Business School Seminar “Does the UK’s reform of pensions have lessons for NZ, I was approached by Bob Stevens, who told me Kaspanz needed to be stronger on Overseas Pension reform in relation to NZ Superannuation.

Kaspanz strongly supports a review of the current formula and approach adopted, specifically Section 70 of the Social Securities Act.

This opinion piece by Michael Little wood sums up the issue, and hopefully assists Bob Stevens to realise Kaspanz wants the issue addressed

OPINION: New Zealanders are entitled to New Zealand Superannuation from age 65 if they have lived here for at least 10 years after age 20, with five of those years being after age 50. Continue reading Overseas Pension