About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   depositrates.co.nz  |   landlords.co.nz
Last Article Uploaded: Tuesday, March 31st, 10:10PM
rss
Latest Headlines

Why The Greens Are Wrong On Superannuation

United Future leader, Hon Peter Dunne, says the Greens have got it wrong in deciding to oppose the Government's plans to pre-fund a portion of future superannuation costs.

Tuesday, June 5th 2001, 9:57AM

United Future leader, Hon Peter Dunne, says the Greens have got it wrong in deciding to oppose the Government's plans to pre-fund a portion of future superannuation costs.

Mr Dunne, who will vote for the Government's plan, says resolving the superannuation issue is one of the biggest issues facing New Zealand today, with over 80% of New Zealanders demanding that the politicians get their act together on the issue.

"Dr Cullen's scheme has been hopelessly oversold as a panacea - which it is not, and never was - when all it is is an exercise in transparency that identifies today some of the costs to be borne in the future."

"It is nothing more, and nothing less - and is certainly not a once and for all resolution of the issue."

"However, it does provide a platform for establishing meaningful multi-party talks to get long-term agreement, which is why United Future is supporting it."

"If politicians cannot even agree to put aside some of the future costs, what hope is there of agreement on much more fundamental issues?" Mr Dunne says.

Mr Dunne says this is the point the Greens are missing.

"New Zealanders have had enough of nearly 25 years of political infighting on the superannuation issue, and the Greens' decision merely continues the old style of politics on this issue that has failed so spectacularly since 1975, and which people are now heartily sick of."

"We believe it is time to move on, to put the petty politics aside, and use some common sense to establish a viable long term superannuation scheme that all New Zealanders can have confidence in."

"In spite of its many considerable faults, Dr Cullen's plan provided such a window of opportunity and it its regrettable that has now been slammed shut by the Greens."

"Unfortunately, the only certain outcome of the Greens' decision today is that the superannuation political football match is set to continue," Mr Dunne says.

« Fund's rules present problemsAMP & Good Returns launch superannuation website »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
  • What is the value of CPD?
    “What all this discussion says to me is that there seems to be a lot of emphasis on doing CPD to meet the requirements of...”
    13 hours ago by Brent Sheather
  • What is the value of CPD?
    “David - so in your words " Where does a Risk Specialist AFA go for relevant CPD material? Company product launches don't...”
    1 day ago by gavin austin adviser business compliance
  • Clients complain about adviser fees
    “It is interesting to note that in the article, FSCL state they receive 2 or 3 similar complaints a month. Nothing wrong with...”
    2 days ago by Another AFA
  • What is the value of CPD?
    “I must say I like Gavin's idea of the " FMA to have some intestinal fortitude to go and audit him and publish the results",...”
    2 days ago by R1
  • What is the value of CPD?
    “With respect Pragmatic and JM, in this instance, G.Lindsay's point is fair. Where does a Risk Specialist AFA go for relevant...”
    4 days ago by dcwhyte
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 5.89 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 5.59
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 - - -
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 6.65
Perpetual Trust 7.70 - - -
Resimac 6.59 5.92 5.95 6.04
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 6.39
Sovereign Special - 5.59 5.39 5.59
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 5.89 5.97 5.99

Last updated: 31 March 2015 11:13am

News Quiz

Who's ceo has just received the 2015 Women’s Empowerment Principles (WEP) CEO Leadership Award in a ceremony at the UN headquarters in New York, being only the second NZ ceo chosen for the honour?

Sovereign

Fisher Funds

Partners Life

Fidelity Life

MORE QUIZZES »

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