One thought on “Kiwi Saver changes- the litany of amendments

  1. sstjohn2014

    The RPRC has followed the evolution of KiwiSaver closely. The latest changes are ill thought through and illustrate the dangers we face of ad hoc to the retirement incomes framework. The lack of a proper forum for debate coupled with impending concerns about costs as the populations ages may see more regrettable ad hoc fiscally driven changes. The Kickstart was a well designed incentive that cushions small accounts from erosion through fees. Without it, KiwiSaver will be far less attractive for the very people that need the help the most. National could have removed the kickstart for children and applied it only at the point of autoenrolement. But there was no consultation or opportunity to examine less damaging alternatives.

    Reply

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s