About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   depositrates.co.nz  |   landlords.co.nz
Last Article Uploaded: Thursday, March 5th, 10:44AM
rss
Latest Headlines

Poll Shows Strong Support For Private Pension Funds

Wednesday, May 2nd 2001, 10:33PM

The ACT Party has released results of a survey which show overwhelming support for the government's superannuation bill to be amended to allow people to save in private pension funds.

ACT leader Richard Prebble revealed the poll results today in a submission to the Finance and Expenditure Select Committee — the committee considering the Cullen superannuation bill.

He said ACT had polled 4500 people — 2000 ACT supporters and 2500 Auckland residents who had returned a questionnaire — asking them for their views on the current superannuation system and on the scheme proposed in the Cullen Bill.

Seventy-nine percent of those who responded to the Auckland survey believed people should be able to save money in private accounts.

"There is overwhelming support for savings to be in your own name," Mr Prebble said.

"It's not hard to see why. When the savings are in your own name, it's your money and no politician is going to touch people's own savings."

Eighty-four percent of those surveyed wanted ACT MPs to move amendments to the bill to enable individual accounts..

Mr Prebble said ACT had supported the bill going to the select committee because the party wanted to de-politicise the issue.

"However, we've carefully studied the bill and believe it does not achieve sustainability. The bill does not make superannuation any more affordable. Some people just pay twice," he said.

While ACT's poll had found strong support for a compulsory superannuation savings scheme, and the latest ISI survey showed 71 percent supported compulsory savings, ACT was also aware of the very strong rejection of the "Peters Scheme".

"The answer may be to allow an opt-out for the self-employed and those who can show they have made adequate provision for themselves," Mr Prebble said.

« Prebble advocates individual accountsAMP & Good Returns launch superannuation website »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
  • Where are the financial advisers?
    “Hi Macca, no I am actually suggesting the opposite. I believe giving good advice is more of an art (based on good listening...”
    1 hour ago by Broker
  • nib: Opportunities for advisers
    “It's great to get to talk with under-30's. Just advised a couple aged 19 and 20 who are setting up flat. After discussing...”
    2 hours ago by regant
  • Industry leader calls for one class of adviser
    “Finally a major institution has seen the light. Well done AMP. Now we just need the banks to get on board....”
    3 hours ago by Craig Simpson
  • Industry leader calls for one class of adviser
    “Finally common sense is filtering into the industry. I couldn't agree more on having a single designation for those who dispense...”
    4 hours ago by Pragmatic
  • nib: Opportunities for advisers
    “Majella, yes some are bad. But there are some beauties out there to this day. Why would you want to re write a premium payback...”
    11 hours ago by billy the broker
Subscribe Now

News and information about KiwiSaver

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AMP Home Loans 7.24 5.69 6.19 6.55
AMP Home Loans $200k+ 7.14 5.59 6.09 6.45
AMP Home Loans LVR <80% - - 5.75 6.09
ANZ 6.74 5.89 5.99 6.29
ANZ Special - 5.39 5.39 5.79
ASB Bank 6.75 5.99 5.99 6.39
ASB Bank Special - 5.59 5.39 5.59
BankDirect 6.75 5.99 6.09 6.39
BankDirect Special - 5.59 5.39 5.59
BNZ - Classic - 5.69 5.39 5.69
BNZ - GlobalPlus 6.74 5.89 6.19 6.29
Lender Flt 1yr 2yr 3yr
BNZ - Mortgage One 7.15 - - -
BNZ - Rapid Repay 6.74 - - -
BNZ - Std, FlyBuys 6.74 5.89 6.19 6.29
BNZ - TotalMoney 6.74 - - -
Credit Union Auckland 6.70 - - -
Credit Union Baywide 6.45 5.95 5.99 -
Credit Union North 6.45 - - -
Credit Union South 5.75 - - -
eMortgage 6.04 6.15 6.69 7.19
Finance Direct 6.10 6.45 6.69 7.10
First Credit Union 6.45 - - -
Lender Flt 1yr 2yr 3yr
General Finance 5.95 6.25 6.50 7.10
HBS Bank 6.65 5.69 5.39 5.69
HBS Special - 5.59 5.19 5.49
Heartland 6.70 7.00 7.25 7.85
Heretaunga Building Society 6.70 5.70 5.80 -
Housing NZ Corp 6.74 5.70 6.09 6.29
HSBC Premier 6.84 5.65 5.65 5.65
HSBC Premier LVR > 80% - - - -
HSBC Special - 5.29 5.29 5.29
ICBC 6.75 5.99 6.39 -
Kiwibank 6.65 5.69 6.09 6.29
Lender Flt 1yr 2yr 3yr
Kiwibank - Capped - - - -
Kiwibank - Offset 6.55 - - -
Kiwibank LVR > 80% - - 5.55 5.55
Liberty - - - -
Napier Building Society 5.80 6.00 6.70 -
Nelson Building Society 6.95 6.15 6.60 -
NZ Home Loans 6.85 6.09 6.40 6.65
Perpetual Trust 7.70 - - -
Resimac 6.59 6.03 6.10 6.19
SBS Bank 6.65 5.69 5.39 5.69
SBS Bank Special - 5.59 5.19 5.49
Lender Flt 1yr 2yr 3yr
Silver Fern 5.95 6.10 6.55 7.05
Sovereign 6.85 5.99 6.09 6.39
Sovereign Special - 5.59 5.39 5.59
The Co-operative Bank 6.70 5.59 5.39 5.59
TSB Bank 6.74 5.70 5.70 6.00
TSB Special - - 5.35 5.60
Wairarapa Building Society 6.20 5.75 5.95 -
Westpac 6.59 5.99 6.19 6.39
Westpac - Capped rates - 6.74 6.99 -
Westpac - Offset 6.59 - - -
Westpac Special - - 5.39 5.89
Median 6.70 5.82 5.99 6.19

Last updated: 23 February 2015 11:03am

News Quiz

In its latest Australasian Equities Commentary Harbour Asset Management suggests what is significantly underpriced by the market.

health care

energy

financials

yield

growth

MORE QUIZZES »

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by PHP Developer and eyelovedesign.com