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Six into one doesn’t add up
Thursday 3rd of February 2011
Speaking in the wake of the Saving Working Group's recommendations for encouraging greater saving among New Zealanders, Stubbs said he thought it was unlikely the current system of six default schemes would be changed.
The report recommended the creation of a single fund to reduce costs, fees and expenses in an effort to boost investment returns.
"I don't think the Governmen...
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