
New government will have impact on financial services
The impact on superannuation is less than it might have been. New Zealand First’s policy was for a rise in the payment, from its present level of 65% of the average wage to 72.5%, and late last week the party thought it could get 68%.
For now, at least, the party has an increase of 66% from April. which will cost $80 million a year, says Finance...