About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   depositrates.co.nz  |   landlords.co.nz
Last Article Uploaded: Sunday, April 19th, 7:47PM
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
  • AFAs slow to update DIMS status
    “Well said MPT. It seems that the institutions are well on their way to dominate the personalised investment advice market....”
    3 days ago by macca
  • Are we sicker or just savvier customers?
    “Related to your first bullet point - with advances in medicine, conditions which would previously have seen you shuffle off...”
    3 days ago by dcwhyte
  • AFAs slow to update DIMS status
    “This begs the question has the FMA been incredibly successful or incredibly inept? Apparently 1000+ advisers now either...”
    3 days ago by MPT Heretic
  • PAA axes holiday homes scheme
    “Another way of verbalising the alleged inequity of the proposed cashing out of credits is as follows: The subscribers...”
    4 days ago by Murray Weatherston
  • PAA axes holiday homes scheme
    “I agree pretty much with what everyone above is saying and I only hope the Board of the PAA are reading these comments. ...”
    4 days ago by AFA Adviser
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
ANZ 6.74 5.99 5.99 6.29
ANZ Special - 5.49 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 - Mortgage One 7.15 - - -
BNZ - Rapid Repay 6.74 - - -
BNZ - Special - - 5.15 -
BNZ - Std, FlyBuys 6.74 5.49 5.39 5.55
BNZ - TotalMoney 6.74 - - -
Lender Flt 1yr 2yr 3yr
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 - - -
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
Lender Flt 1yr 2yr 3yr
Heretaunga Building Society 6.70 5.70 5.40 -
Housing NZ Corp 6.74 5.70 5.99 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
Kiwibank - Capped - - - -
Kiwibank - Offset 6.55 - - -
Kiwibank Special - - 5.39 5.55
Liberty - - - -
Lender Flt 1yr 2yr 3yr
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 6.29
Perpetual Trust 7.70 - - -
Resimac 6.59 ▼5.88 ▼5.86 ▼5.90
SBS Bank 6.65 5.69 5.39 5.69
SBS Bank Special - 5.59 5.19 5.49
Silver Fern 5.95 6.10 6.55 7.05
Sovereign 6.85 5.99 6.09 6.29
Sovereign Special - 5.59 5.39 5.45
The Co-operative Bank 6.70 5.59 5.39 5.59
Lender Flt 1yr 2yr 3yr
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 5.99 5.99
Westpac - Capped rates - 6.74 6.99 -
Westpac - Offset 6.59 - - -
Westpac Special - - 5.39 5.89
Median 6.70 5.81 5.91 5.89

Last updated: 16 April 2015 9:09pm

News Quiz

How many Mike Pero Mortgage franchisees have served notice on the franchisor, Liberty Financial, that they will not be renewing their contracts?

7

10

13

23

18

MORE QUIZZES »

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