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Murray Harris: Milford Asset Management, KiwiSaver Head supports Government's Kiwisaver pledge - but wants more details
Published 3 months, 2 weeks ago
Description
A promise to increase Kiwisaver rates is being described as a fundamentally good move - even if there's more to do.
National says it will lift default contributions to six percent by 2032 - matching Australia's 12-percent superannuation rate.
Employer contributions would increase by half a percent each year - but not until 2029.
Milford Asset Management's KiwiSaver Head Murray Harris told Mike Hosking that although he backs the idea, 'we need to see what the long-term strategic plan for KiwiSaver is.'
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