Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Saving For Our Future – Better Late Than Never

02 November 2006

Saving For Our Future – Better Late Than Never

New Zealand First leader Rt Hon Winston Peters says he's pleased that business leaders are finally recognising the need for a compulsory superannuation scheme – something that New Zealand First has long campaigned for.

"Like many of New Zealand First's policies, it has taken some time for the general public to appreciate the value and importance of our ideas. Having been an advocate of compulsory savings over many years, I find some irony in the belated recognition for the need for a future savings plan," said Mr Peters.

"It was New Zealand First policy in 1996 to set up a compulsory, state administered savings and superannuation scheme to provide a guaranteed retirement fund, as well as investment finance for New Zealand projects. We are the only party uniquely placed in advocating for both compulsory superannuation and tax cuts.

"Most New Zealanders do not save enough for their longer term goals. Now people are finally coming to realise that rising local body rates, interest rates, health care and insurance costs have meant that the present saving levels will provide only the bare minimum retirement income and will leave nothing for future investment in business. This is a serious issue for small business and exporters in particular.

"Long term saving is critical to the economy because it backs investment which is a key driver of growth and prosperity. Eleven years later it is a relief to see the issue generating support from New Zealand business. The challenge is to turn this support into tangible benefits for our future," concluded Mr Peters.

ENDS


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Supreme Court: Worksafe Decision On Whittall Pike River Prosecution Unlawful

The question in issue on the appeal was whether WorkSafe New Zealand acted to give effect to an unlawful agreement of this nature when it offered no evidence on charges against Peter William Whittall for breaches of the Health and Safety in Employment Act 1992...

The Supreme Court... has found that the decision to offer no evidence was made under an unlawful agreement to stifle prosecution. It has granted a declaration to that effect. More>>

 

Cullen To Chair: Tax Working Group Terms Of Reference Announced

Finance Minister Grant Robertson and Revenue Minister Stuart Nash today announced the Terms of Reference for the Tax Working Group and that the Group will be chaired by Sir Michael Cullen. More>>

ALSO:

Gordon Campbell: On The New Pike River Agency (And The Air Strike Wing)

Much of the sympathy the public still feels for the families of the Pike River miners has been sustained by the sense that the previous government – let alone the mining company and the processes of receivership and litigation – has never dealt honestly, or fairly, with them. More>>

ALSO:

Not Going Swimmingly: Contractor Cut, New Dates For Christchurch Sports Centre

“As an incoming Minister, I have been conducting a thorough review of progress on the Anchor projects and to learn of a $75 million budget blowout on this project was very disappointing..." More>>

ALSO:

Tertiary: Allowances, Loan Living Costs To Get Boost

“From 1 January, student allowance base rates and the maximum amount students can borrow for living costs will rise by a net $50 a week,” says Education Minister Chris Hipkins... further adjusted from 1 April 2018 in line with any increase in the CPI. More>>

ALSO:

Foreign Affairs: Patrick Gower Interviews Jacinda Ardern

Prime Minister Jacinda Ardern says discussions have already begun on how to bring climate change refugees into New Zealand under a Pacific seasonal employment plan... More>>

ALSO:

Gordon Campbell: On The Centre Right’s Love Of ‘Nanny State’

You’d almost think it was 2005 again. That was a time when the rugged individualists of the centre-right were being beset by government regulations on the nature of light-bulbs, the size of shower heads, the junk food available at school tuck shops and other such essentials... More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election