In her opening speech to Parliament yesterday she outlined the broad areas where the government planned to make changes, however provided no details.
“New savings initiatives were being developed to help New Zealanders build up their assets and security, and to reduce a national reliance on the savings of others,” she says.
It appears details will be released when Finance Minister Michael Cullen unveils his budget later this year.
The two “themes” of her speech on savings was to embrace the phrase “ownership society” something which the New Zealand Institute has been pushing and the concept of “a lifetime approach to savings.”
“This year the government is developing policy to encourage a co-ordinated lifetime approach to savings, to help save for retirement, home ownership and tertiary education.
"We know that the building blocks for a confident and secure nation are confident and secure families. An ownership society, in which every family has a stake and sees a future, makes our country strong," Clark said.
To read the full details of her comments on savings initiative go to FEATURES
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