Thursday, August 4, 2011

Bipartisan approach to KiwiSaver called for

Employers would support a bipartisan approach to KiwiSaver if changes are deemed necessary to increase New Zealand's savings, the Employers & Manufacturers Association says.

"Given that certainty is an important principle in any retirement policy a bipartisan approach to the scheme would be very helpful," said David Lowe, EMA's Employment Services Manager.

"As it is we're finding the constant fiddling with KiwiSaver by politicians is a significant cause for employer concern.

"The feedback from employers, who are responsible for a large chunk of the scheme's administration as well as paying in employer contributions, is that changes are disruptive and come at a cost to business.

"Plus, the feedback from employees who have not joined KiwiSaver suggests the policy chopping and changing is a factor in putting them off joining the scheme."

ENDS

© Scoop Media