KiwiSaver

KiwiSaver wins praise from international body

Thursday 9th of June 2005
Finance Minister Michael Cullen today welcomed a report from the British -based Pensions Policy Institute praising the KiwiSaver scheme and suggesting it might provide some useful ideas for Britain.

"Features identified by the Institute as potentially appealing in the British context are: automatic enrolment with a voluntary opt-out provision, a simple design, a visible flat rate incentive,...

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