Monthly Archives: January 2014

Kaspanz Website reinvigoration

As some of you may know I have been pre-occupied for the last two months with an illness which turns out not to be curable. See the link to the NZ Herald article I wrote about this below. Now that we know the future, the Kaspanz team are working to make running the website a little less time and expertise demanding, by mainly using emails to update the site. The Herald article is an example of how complex documents can be linked to the site by being sent via email as a ‘Post’. Text, Links, Images and .pdf documents that are incorporated into an email can be automatically sent to the site and either viewed directly or via their link. We will be arranging an email address that you can send such info to, so that it can be uploaded to the site.

Keep looking at the site for future posts about Kaspanz interests generally, and for the email when we have arranged it.

Best Wishes

Stephen Wealthall

Lets talk openly about death.pdf

A TRIBUTE TO A NEW ZEALAND TREASURE: NEW ZEALAND SUPERANNUATION

A TRIBUTE TO A NEW ZEALAND TREASURE: NEW ZEALAND SUPERANNUATION

Two of New Zealand’s eminent commentators Martin Hawes and Michael Littlewood have recently strongly supported the New Zealand Superannuation Model. Littlewood in a 2013 paper said “New Zealand Superannuation (NZS) is one of the simplest, most effective, and most cost effective Tier 1 schemes in the developed world. We mess with it at our peril” and Hawes said “NZ Super is a system so simple and cheap that we need to give people certainty and stop playing football with it”

The cost of NZ universal public pension is currently 4% GDP, and over the next 20 years will gradually increase to about 5.5%. Not only is this very affordable, but projections out to 2060 or longer are not helpful due to the many variables involved, and what any historian knows, the poor outcomes of such assumptions. Two rules of forecasting. Rule 1. For each forecast, there is an equal and opposite forecast. Rule 2. Both of them are probably wrong. Continue reading

WHAT HAS KASPANZ LEARNT SINCE LAUNCH DATE February 2013

WHAT HAS KASPANZ LEARNT SINCE LAUNCH DATE February 2013

1. New Zealand’s population is ageing and longevity is a huge issue

2. New Zealanders over 65 are continuing to work, mostly due to the fact they cannot afford to retire

3. The costs of New Zealand Superannuation over time are exaggerated, and the current model simplicity and universality is a world leader.

4. Work place contributory benefit schemes are vulnerable and need reinforcement by Government and employees. Bring back the workplace schemes

5. Senior year people need help in making better use of the wealth tied up in their homes, to support their living- the reality of living longer.

6. Increasing health costs due to technology and escalating costs, plus elective surgery options needs addressing

7. Taxation of annuities and how this income stream can be incorporated into peoples saving schemes is a significant challenge

8. Section 70 of the Social Securities Act needs reviewing urgently, so fairness and equity can return to the formula applied to some overseas pensions

9. Media commentary on retirement income issues, is often superficial with little historical or trend analysis, a few dominate the headlines. The New Zealand Herald has a strong bias for drastic change in Superannuation issues, and is not receptive to alternative views

Alec Waugh