Goff hints at compulsory KiwiSaver

VERNON SMALL

Last updated 14:26 26/09/2011

Relevant offers

Money

Cold comfort for kitchen company's customers Reject low Zero offer, Scott says Rod Petricevic knew of lack of cash - Crown No alarm about Bridgecorp money woes Bridgecorp boss defiant in dock Petricevic 'did not know of missed payments' Smart ways to climb the property ladder Banks not only ones clipping ticket with sneaky, onerous fees PGC eyeing 20pc of EPIC fund Jail for tax dodging taxi driver

Labour leader Phil Goff has sent his strongest signal yet that the opposition will campaign on a beefed up KiwiSaver scheme that could include compulsion.

Goff is expected to release the policy in the next few weeks, but today pointed to the Australian scheme and the 1975 Kirk Government scheme - both compulsory - as examples of regimes that would have put the country in a better position.

"I'd like to see the situation where you had a universal savings programme in New Zealand as soon as that could be achieved," he said.

Labour finance spokesman David Cunliffe today also talked of a "bigger, better" KiwiSaver scheme if Labour was elected.

KiwiSaver is currently voluntary. New employees are automatically enrolled but they then have the option of quitting the scheme.

Ad Feedback

- © Fairfax NZ News