Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 


"No" Means "No" to Compulsory Super

"No" Means "No" to Compulsory Super


“Labour's proposal to make Kiwisaver compulsory is flawed,” says Conservative Party Leader Colin Craig, "and disregards the 92% who voted against it in the public referendum on this issue."

“The problem here is that Labour has missed the obvious, the best form of saving that any individual can make on average is to reduce their borrowing, and in most cases this means paying off credit cards, and then their mortgage as soon as possible.”

“By legislating for the compulsory use of Kiwisaver, Labour would be forcing many New Zealanders to make a less than optimal financial choice. Government should not dictate the types of investment New Zealanders hold, particularly when they dictate a sub optimal choice,” Mr Craig says.

"Current Kiwisaver options are not guaranteed and therefore Labour's proposal will be forcing a financial risk on New Zealanders; a risk that they may not wish to take," he says.

“Additionally Mr.Cunliffe has overlooked another obvious fact. There are many Kiwis who are unable save as they use all their income to provide for the necessities of life; food, clothing and shelter. If those struggling financially are forced into Kiwisaver they are most likely to take on borrowing, and often at a punitive interest rate. Labour's policy will be putting these New Zealanders in an impossible position, and in most cases increasing their personal indebtedness,” he says.

“While saving is something that needs to be encouraged, forcing people to save in a sub-optimal way or when they cannot afford to is plainly ridiculous, and will hurt the financially vulnerable in our society,” Mr Craig says.

New Zealanders voted overwhelmingly (92%) in a 1997 referendum against a compulsory savings scheme. It is our view that New Zealanders have already spoken on this issue, with good reason, and the government should not override the wishes of the people."

"The Conservative Party believes clear referendum results should be binding and opposes both Labour and National's practice of ignoring referendum results. This matter has already been decided by the New Zealand people."

“The Conservative Party has a policy to introduce a new Kiwisaver option whereby New Zealanders can save by investing in government guaranteed bonds. These bonds will be used by the government to build infrastructure, and reduce dependence on overseas borrowing. This is a retirement savings option that makes sense. It is voluntary, with a sensible rate of return, and a government guarantee.”

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Last Night’s Debate, And The Collins Accusation

Debating is a peculiar discipline in that what you say is less important than how you’re saying it. Looking poised, being articulate and staying on topic generally wins the day – and on that score, Labour leader David Cunliffe won what turned out to be a bruising encounter with Prime Minister John Key last night on TVNZ.

Cunliffe marshalled his points better, kept Key off balance and – more often than not – was in control of the general tenor of the contest. Labour supporters would have been heartened, and given some belated reassurance that maybe the change of leadership last year had been the right decision. More>>

 

Parliament Today:

Gordon Campbell: On Winston Peters' Latest Bout Of Immigrant Bashing

It is only one poll, but rather than cannibalising each other's vote, Colin Craig and Winston Peters do seem to be managing to find the room to co-exist... Few are questioning how Peters got to this happy place, and what it says about the mood of the electorate. More>>

ALSO:

More Immigration News: First People Trafficking Charges

The first people trafficking charges in New Zealand have been brought by Immigration New Zealand (INZ)... The defendants have been charged under the Crimes Act 1961 for arranging by deception the entry of 18 Indian nationals into New Zealand. More>>

Collins 'Misinterprets Media Reports': "Too Compromised To Remain Justice Minister"

Bizarre claims by Judith Collins this morning that she had been cleared of inappropriate behaviour by the Privacy Commissioner demonstrates she is too compromised to remain Justice Minister, Labour MP Grant Robertson says. More>>

ALSO:

Labour On Climate Change: Focus On The Now For The Future

A Labour Government will put in place a comprehensive climate change strategy focusing on both mitigation and adaptation, establish an independent Climate Commission and implement carbon budgeting, says Labour Climate Change spokesperson Moana Mackey. More>>

ALSO:

Gordon Campbell: On National’s Housing Assistance Plan

So, as many as 90,000 people could derive some benefit from National’s housing assistance plans for low and middle-income earners... Yet in reality, the benefits seem likely to be insignificant, and they will be skewed towards those at the top end of the income group that’s supposedly the target. More>>

ALSO:

Election Data Consortium: National’s Worst Case Scenario At Stage One?

A month out from the general election and ipredict traders are still forecasting National’s vote to slip below current polling levels and there is potential for it to fall further. More>>

ALSO:

From The Scoop Video Archive: PM Says SIS "Told Me" About OIA Release

In a press conference immediately following an controversial OIA release of notes on an SIS briefing to then Labour leader Phil Goff, Key said "at that point [Tucker] told me he'd release it ...". Since the release of Nicky Hager's 'Dirty Politics' Key has denied being personally informed and said references by officials to 'the PM' being told briefed referred to his office. He now says the same about his own statement. More>>

ALSO:

  • Scoop Video in the news - New questions over Key claims | NZ Herald News - Stuff.co.nz
  • Earlier - Felix Marwick: Laying out facts over SIS documents - Newstalk ZB
  • Labour - Director’s letter contradicts Key’s claims
  • ACT - The Letter - 26 days to go
  • TV3 Video - Housing issue nudges Dirty Politics aside - David Cunliffe: Key's SIS explanation 'defies belief' - SIS leak came from Key's Office - Goff - Key 'categorically denies' Slater OIA discussion - Video: Key faces more Dirty Politics questions

  • TVNZ - Winston Peters: ‘Dirty Politics' is a new low
  • The Nation - Debate Between Grant Robertson And Russel Norman
  • NZ First - “The Words Mean What I Say They Mean”
  • Get More From Scoop

     

    LATEST HEADLINES

     
     
     
     
     
     
     
     
    Politics
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news