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KiwiFund Bill drawn from ballot

Fletcher Tabuteau MP
New Zealand First
14 December 2017


KiwiFund Bill drawn from ballot


New Zealand First’s KiwiFund Bill aims to set up a government-owned and operated KiwiSaver fund provider known as KiwiFund.

“KiwiFund will have a lower and transparent fee structure, and the funds will be invested in socially and ethically responsible ways,” New Zealand First MP Fletcher Tabuteau says.

“This marks an exciting time in New Zealand’s investment history as it will create a KiwiSaver fund option that generates a significant investment boost to the New Zealand economy.

“KiwiFund will be used to invest back into New Zealand assets, land, and infrastructure.

“The timing could not be more perfect. KiwiFund will complement the Labour-New Zealand First Government’s efforts to inject life back into our regions through the Regional Development (Provincial Growth) Fund.”

Mr Tabuteau is thrilled his member’s bill was drawn from the ballot on Wednesday and expects it will be a cost effective and meaningful investment alternative for Kiwi savers.

ENDS

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