KiwiFund moves closer

Thursday, December 14th 2017, 9:08PM

The member's bill that would start work to create a government-run KiwiSaver scheme has been drawn from the ballot.

KiwiFund was a NZ First bottom line in the recent election campaign.

If passed, the bill would set up a working group with the objective of setting up the scheme.

The working group would advise on how the fund could be set up with a lower, transparent fee structure, keeping profits in New Zealand, giving preferential treatment to New Zealand-based investments and focusing on socially and ethically responsible investment

 

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