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Muldoon’s legacy still haunting advisers
Tuesday 15th of January 2013
A new Horizon Research survey commissioned by the Financial Service Council has found 73% of New Zealanders think it was a mistake for then-Prime Minister Robert Muldoon to do away with the fledgling scheme after he was elected in 1975.
The scheme, established by the Labour government in 1974, was similar to KiwiSaver and required contributions of 8% of income (4% employee/4% employer).<...
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