Kaspanz is disappointed at today’s Government’s decision to immediately stop the Kiwi Saver $1000 dollar kick start incentive.
Consumers want consistency in savings schemes with no surprises, and Kiwi Saver has already been subject too many changes in its history.
New Zealand leads the world with its excellent Tier 1 New Zealand Superannuation model, and the Tier 2 Kiwi Saver Scheme.
Government intervention does nothing to inspire savers confidence.
Consistency and certainty is a pre-requisite for long term savings and pensions schemes, and this latest announcement erodes consumer confidence.
Posted by Alec Waugh