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KiwiFund: nationalisation or competition?

Written By: - Date published: 8:05 pm, October 21st, 2013 - 61 comments
Categories: david cunliffe, election 2014, greens, john key, kiwisaver, labour, national, russel norman, slippery, superannuation - Tags:

It’s interesting that Russel Norman has been quick to give conditional support to Winston Peter’s proposed KiwiFund, considering that many see the Greens and NZ First as being too far apart to be part of the same governing alliance of parties.

Peters’ version appears to be a proposal for the full nationalisation of KiwiSaver:

petersvskey

An outline plan of “KiwiFund” has been announced by Rt Hon Winston Peters in his keynote Leader’s address at the party’s annual convention in Christchurch today.

Mr Peters told delegates that private funds managers were sucking the lifeblood out of KiwiSaver, and in five short years had already taken $325 million in management and investment fees.

[...]

“Our plan is to change KiwiSaver so that it is a truly government-backed and managed retirement fund. Because of the economies of scale, and the elimination of hordes of ticket clipping fund managers, costs will be greatly reduced. People who pay into KiwiSaver will get their full return.”

Russel Norman’s preference

Peters Norman

 

is for a state run KiwiSaver provider, alongside privately run schemes:

The Green Party sees New Zealand First’s proposal for a public option for KiwiSaver as a move in the right direction, providing that it is about providing competition to the existing private KiwiSaver funds and not proposing to nationalise them.

[...]

“There is considerable common ground with our KiwiSaver policy launched in the run-up to the 2011 election,” Green Party Co-leader Russel Norman said today.

“A public fund can achieve significant fee and cost reductions through greater economies of scale. Our fund would be an optional default KiwiSaver fund.

“Under our proposal, the investment function – the back-end – would be managed by the $23 billion New Zealand Superannuation Fund while Kiwibank or the Inland Revenue Department can provide the front-end management of individual KiwiSaver accounts.

[...]

The recommendation for a single default KiwiSaver provider was made by the Government appointed Savings Working Group in January 2011.

While Cunliffe is reticent about committing to any of these chanegs, he isn’t averse to negotiating with NZ First over their proposal.

cunliffe own our future

 

Hamish Rutherford writes:

Labour leader David Cunliffe said he would not make commitments about coalition agreements until after the 2014 election, but “of all he things I can imagine having to negotiate post election, this wouldn’t be the hardest”.

Labour also had concerns over fees charged on KiwiSaver funds, particularly on conservative funds, but the system wasn’t “broke”.

In contrast, John Key

john-key-snake-oil

 

is dismissive of any of the above proposals:

Prime Minister John Key has dismissed NZ First’s policy to create a state-run, locally focused KiwiSaver fund.

[...]

“So instead of 20 managers having different strategies, different ways of doing things, different profiles, some more risky, some less risky, that you choose, so why on earth would we want to do that,” he said.

“I know that these guys are on this track at the moment of wanting to nationalise electricity, nationalise building, nationalise our management funds, they’ll be nationalising supermarkets and petrol stations and everything else soon.

“That worked really well for the Soviet Union when they were doing that,” Key said.

And Key seems to be suggesting NZ First would not stand by this policy in any post-election negotiations:

NZ First would not form a coalition, or even sign a confidence and supply agreement, with any party not willing to adopt it as government policy.

But Key said he found it highly unlikely the policy would be a deal-breaker for any potential coalition with NZ First.

“Winston Peters speaks in riddles. He has for his entire career from what I can see. He’ll find some way of saying this is sort of introduced, or being looked at, but mark my words it won’t be bottom line.”

So, Key appears to be saying that he would be up for forming a government with someone like Peters, who Key sees as being untrustworthy.

Nevertheless, it’s interesting to see that, on at least one possible policy area, Labour, the Green Party and NZ First seem to be closer than any of them are to National.

61 comments on “KiwiFund: nationalisation or competition?”

  1. Lanthanide 1

    Was wondering if we’d get an article on this.

    NZFirst’s policy isn’t to completely nationalise Kiwisaver at all. It’s simply to create a new scheme run by the government with a government guarantee on deposits (but not returns). Presumably it would somehow be lumped in and controlled by the group managing the existing Superannuation fund. Private providers would still exist in this landscape, however Peter’s doubts many NZers would stay in them since they wouldn’t be guaranteed and he says the “returns will be better” in KiwiFund due to much lower / no fees being charged.

  2. binders full of women 2

    Farrar was spot on. If Winston wants state control of kiwisaver- then he should set up a kiwifund and anyone can switch to it or start with it. As long as we are FREE to leave our funds in whichever fund they are currently sitting in. Win-win, freedom to choose Winston & Russel’s setup or existing. Mine is going okay so I probably wouldn’t initially switch to WinfirstRusGreenScheme.

    • Draco T Bastard 2.1

      The “freedom to choose” is what’s causing the present Kiwisaver from being optimal.

      EDIT:
      Actually, thinking about that, what choice do you truly have? You don’t have any choice in where the funds are invested just some vague choice about risks.

      • Lanthanide 2.1.1

        You don’t have to invest in Kiwisaver at all. You can invest your own money where-ever you choose, and you aren’t locked into those investments until you’re 65 either.

        Also there is one Kiwisaver provider that lets you customize your own investments, although they present you with a list of choices that you choose from, rather than being able to pick anything at all yourself.

        • Tat Loo 2.1.1.1

          A well managed zero fee fund like the Government can run is always going to work better for the majority of people who aren’t investment specialists themselves.

          • Lanthanide 2.1.1.1.1

            I don’t think Winston’s plan is actually feasible.

            The superannuation fund is simply not the same as a Kiwisaver fund. Here are some differences off the top of my head:
            1. Superannuation fund has a long-term target of 2030 before funds start to be withdrawn. Kiwisaver funds are withdrawn whenever the owner turns 65, and there are several provisions to allow them to be withdrawn earlier, such as home buyer subsidies, financial need and terminal illnesses, moving overseas permanently. All of these mean the financial settings are simply not the same.

            2. All of the above require paperwork, which is simply not free. Which means either Kiwifund will have to charge fees, or the government is going to completely subsidise them. Kiwisaver originally started with a $40/year fee subsidy which National scrapped – there’s no reason we can’t have it back.

            3. Again because people have different savings requirements, funds at the moment provide different options like Growth, Balanced and Conservative, as well as cash funds. Again all of these things take overhead: either Kiwifund will have to charge a fee, or the government will be subsidising it.

            4. Winston is saying people can transfer their existing savings over to Kiwifund, which will be government guaranteed for the deposits + inflation, but not the returns. How do you differentiate returns vs capital from transferred funds? There are probably cases that exist, likely from people moving between several funds, where it is no longer clear what proportion of the money they have now saved is “capital” and what is “returns”.

            • Tat Loo 2.1.1.1.1.1

              Hi Lanth, I believe all these factors are reasonably manageable due to the size and flexibility of the resulting govt fund eg. You can’t predict entirely what one person will do with their retirement savings, but you can average out over half a million people reasonably well. Also, the govt fund will have many different components and sector interests that it invests in, as well as both short term and long term cash equivalents.

              • Lanthanide

                Well, no, having to provide different risk profiles is entirely new behaviour that the current superannuation fund does not currently do.

                Having to manage the paperwork of the different risk profiles, and people moving in an out of the scheme, is all entirely new stuff the superannuation fund does not currently do.

                If Peters thinks these things are “free”, then he has no clue what he’s talking about. The work must be done, and generally people don’t work for free, so the money to pay for it comes from somewhere. Either it comes from the savers in the fund, as is currently the case for Kiwisaver funds, or it comes from the government, which is what Winston is saying the new fund will be.

                My problem comes with Winston trumpeting how good it will be for savers not to have to pay fees, without seeming to realise that this is new work that must be paid for: he’s only selling the pros to the voting public, not the cons (where the money will come from to pay for his promises).

                • Tat Loo

                  Let’s see, I think a $25B investment fund can be easily managed with just $25M worth of staff and overhead costs a year, especially leveraging off existing public sector infrastructure.

                  Can you work out for me how much annual fees as a % that works out to be? Oh shit, that’s a whole 0.10% annual fee structure.

                  And based on that, (and understanding that most Kiwisaver providers charge fees at around the 1.5% to 2.0% level) can you work out how much current providers must be extracting in excess over that, not in the work required to run the funds, but in outright ticket clipping profit?

                  If Peters thinks these things are “free”, then he has no clue what he’s talking about. The work must be done, and generally people don’t work for free, so the money to pay for it comes from somewhere.

                  Seriously, to make a statement like this you must think that Peters and all NZ First supporters are idiots or something. Do you?

                  Perhaps you would be satisfied if Peters had said that the funds could be operated “at cost”. Is that sufficiently pedantic and accurate for you?

                  My problem comes with Winston trumpeting how good it will be for savers not to have to pay fees, without seeming to realise that this is new work that must be paid for: he’s only selling the pros to the voting public, not the cons (where the money will come from to pay for his promises).

                  Peter’s plan is going to protect savers to the tune of hundreds of millions (and more, as Kiwisaver funds accumulate) at the cost of a few million a year.

                  Why don’t you wake up and smell a good deal when you see it.

  3. Tat Loo 3

    Here’s the thing – over and over again, it appears that most NZers think that the Government could and should be a legitimate player in markets in order to keep the private sector honest.

    I suspect the reason for this is pretty simple: a lot of people are realising that mega-corporations are screwing them over, and that only Government can help keep them honest.

    This meta-trend is going to become an increasing problem for National.

    • Zorr 3.1

      There is another thing to be keeping in mind here – that is a single Kiwisaver fund run by the government would provide larger returns in a safer manner than having multiple private providers queuing up for their turn at the teat.

      Same principle as any insurance/investment scheme – the more you have to invest and spread around a range of options, the safer your overall investment is from any collapse in prices and, ultimately, is only at risk from a global collapse. At which point, hate to say it, we’re all fucked anyway.

      Why should private providers be getting to charge fees on *our* superannuation savings? Along with a form of UBI, this needs to be taken away from them so that it can go to *our* future. Not Australia’s or USA’s.

    • Chooky 3.2

      +1 Tat CV

      ….re- exposure to mega-corporations and banks…….imo it is also particularly important that the Government provides a guarantee for Kiwi Bank in the event of an international financial banking collapse….and legislates that Australian Banks in New Zealand must provide a guarantee for NZ customers( same as they do Australian customers.)…

      What is the Labour Party policy on this….. compared with the Greens and NZF?

      • Phil 3.2.1

        Chooky,

        Kiwibank is mostly funded by domestic deposits. It has very little wholesale funding from offshore markets, virtually no lending offshore, and a substantial pool of liquidity available for crisis management. You can see all of this in its Disclosure Statements.

        There is no transmission mechanism for an ‘international financial banking collapse’ to directly affect Kiwibank. Yes, they’ve made some shitty choices and subsequently had bad lending decisions at times, but if they’re going to fail as a bank it’s going to be because of their own poor mismanagement rather than global contagion.

        A government gaurantee on Kiwibank specifically would effectively be a vote of no confidence in the ability of its executives and directors.

        • Tat Loo 3.2.1.1

          A government gaurantee on Kiwibank specifically would effectively be a vote of no confidence in the ability of its executives and directors.

          Nonsense. That’s like saying Kiwibank Ltd insuring their offices is a vote of no confidence in the ability of its executives and directors to care for their property.

          In seriousness, Kiwis will love that their bank is formally backed by the NZ Government. It will cost the NZ Government nothing, and give Kiwibank a substantial edge in the marketplace.

          • Phil 3.2.1.1.1

            No, Tat, it’s not like that at all. Property insurance (insurance generally) protects you from the effects of events outside of your control, like earthquakes or getting hit by a bus.

            A guarantee does not do that. Take, for example, the deposit guarantee scheme that was in place here post-GFC. The initial scheme included pretty much all banks and deposit taking finance companies. At the time, the global environment was pretty much as uncertain as it has ever been. However, once the first phase ended and the extended scheme kicked off in October 2010, only seven finance companies took part. Total guaranteed deposits in the scheme fell from $133b to $2b.

            Why? Because the public, and specifically retail investors, could smell the wet dogs a mile off. All the banks had successfully positioned their businesses such that they didn’t need the guarantee and were operating with comfortable liquidity margins. Only the finance companies that were up the creek without a paddle had any incentive to participate in the extended scheme and take the extra time to get their businesses in shape, or fail.

            Kiwibank doesn’t need a guarantee. It is reasonably profitable. It operates just fine in competition with the big-4 and other domestic banks. If there was a need for a guarantee to be in place, for Kiwibank specifically, it would be BECAUSE of it’s failure to perform and poor internal decision making, not because of some mythic offshore crisis fears.

  4. Tamati 4

    A Kiwibank style state competitor would keep the private sector honest. But doesn’t Kiwibank already have a Kiwisaver option? Isn’t this already a state sector Kiwisaver provider?

  5. dv 5

    Kiwibank sold to Mercer a few years ago.

    • Tamati 5.1

      Didn’t they later buy Gareth Morgans kiwisaver?

      • Chooky 5.1.1

        Yes Kiwibank has bought Gareth Morgan’s kiwisaver…but he still runs it

        ….all the more reason for Government guaranteeing Kiwibank…in fact I think it is a scandal it isnt govt guaranteed

        …….in a international bank meltdown what would happen to it.?….. sold for a song to Goldman Sachs?

        • Tamati 5.1.1.1

          Your Kiwibank deposits are implicitly guaranteed by the state. No need to lose sleep. It’s such a small player it’s unlikely massively affected by overseas crises.

          • Chooky 5.1.1.1.1

            @ Tamati….”implicitly guaranteed” is for fools…..even if Kiwibank is “such a small player” it is exposure to international bank crises which will be the deciding factor ….as to whether NZ public is affected or not and loses their a savings and assets or not …only Israel and New Zealand do not have a deposit guarantee ( see below post by greywarbler)

            greywarbler 11
            20 October 2013 at 12:06 pm
            Interesting stuff we should all know about.
            Deposit guarantee scheme, depositor insurance, capped bank scheme – only Israel and New Zealand don’t have these in the OECD.
            http://www.radionz.co.nz/national/programmes/sunday
            Audio will follow soon.

            11.40 Wayne Brittenden’s Counterpoint
            Five years ago this month the global financial decline kicked in deeply. Wayne looks at the implications of the next meltdown that some punters are predicting, and the potential for serious social unrest. Chris follows up with Dr Bill Rosenberg, economist at the New Zealand Council of Trade Unions.

            The British were apparently freaked out by bankers like Goldman Sachs into with scary scenarios
            of rioting and looting if banks collapsed.

            Bill Rosenberg says that NZ’s bank accounts can be as low at times half of NZs with bank a/cs have less than $580 in their account. How would we manage if there was a collapse of our banks?

            Most of our banks are owned by Australians – except Kiwibank thanks Mr Anderton, and some ex building society ones still not sold off to furriners. Australian banks have a deposit guarantee scheme but it doesn’t apply to us though we banks with those Oz banks in NZ! The usual way of treating NZ by that country. The funds of Australian banks would be drawn on to meet their obligations in Oz. It could be that funds from their branches in NZ would be utilised to meet the extra demand, with no legal responsibility to provide for us here. Great, Ansett all over again. Getting NZ to pay for what would be otherwise an Oz obligation. We bought Ansett, like naive idiots, and we naively have allowed Oz to get their beefy hands on our banks too in line with our friendly relationship under CER.

          • thatguynz 5.1.1.1.2

            Might also be worth doing some reading on the “Open Bank Resolution” Tamati. Unless of course you are happy with your bank accounts taking a bit of a haircut in times of trouble?

  6. millsy 6

    about 30-odd years ago, we had heaps of things that were nationalised. No one really saw it as an issue back then. Even National did its fair share of nationalisation. The Maui pipeline (NGC/Petrocorp), Mt Cook’s Hermitage Hotel (THC), Kaingaroa Forest (NZ Forest Service).

    And really, kinda over the USSR comparisons. The Soviet Union was the elimation of all private property, and state ownership of everything. In the USA federal, state and local governments exetensively own power stations, railway services, canals, telecomms networks, irrigation systems, and and all sorts of wierd and wonderful things. Is he going to ring Obama and compare his country with the USSR?

    As for state owned KS, bring it on. KiwiFund sounds good to me. Though I would leave the option of private providers, as they can fill certain niches that a KiwiFund entity cannot fill.

    • Tat Loo 6.1

      The Soviet Union was NOT an elimination of private property. In the first months of the Soviet Union, land which formerly belonged to the Tzarish aristocracy was divided up and given to ordinary farmers and workers.

      Therefore the rise of the Soviet Union was characterised by the creation of private property. Now what happened later on driven by Stalin, well, that wasn’t socialism or communism, just authoritarian tyranny.

      Now, Dmitry Orlov (who has originated a great theory of ‘Superpower Collapse’) makes this point about the state owned apartments that almost all USSR citizens lived in, at the time of the USSR disintegration: that ownership structure meant that most Soviet citizens did not suffer bank repossession of their houses, and were not turfed out on the street: unlike the US example. And were then gifted with valuable private property holdings of those apartments, that they hadn’t needed to pay for.

      One last point – although the USSR went away Russia definitely did not.

      • red rattler 6.1.1

        Tat most industries, banks, transport etc were socialised in the Soviet Union.

        Agricultural land was already privatised before the revolution so this involved the redistribution not the creation of private property. The policy of the Bolsheviks was to introduce land collectivisation only when the revolutions in Europe would allow the introduction of advanced technology. This it was expected would then encourage small peasants to collectivise voluntarily.

        When this didn’t happen as a stop gap measure the peasants were encouraged to become capitalist producers (employ agricultural workers) and sell at market prices as an incentive to feed the workers in industry. The hope was that socialised heavy industry would then develop and mechanise agricultural so that socialisation of industry and agriculture could proceed together. At this point virtually no private property would have remained.

        Because of the Soviet Union’s economic backwardness and its invasion and isolation by world capitalism this policy failed and Stalinist totalitarianism was the result. You are correct to say that the forced collectivisation of the peasantry was neither socialism nor communism.

        • Tat Loo 6.1.1.1

          Cheers rr.

        • Bill 6.1.1.2

          Hmm. And there was me thinking that all agricultural produce and whatever else had to be sold to the state at set prices so that the state would use it’s (cough) wonderfully efficient bureaucratic ‘machine’ to distribute whatever was produced.

          And the inefficiencies, farce and accompanying oppression of that led (or so I believed) to the Kronstadt uprising in 1921 that Trotsky and Lenin crushed by use of arms.

          Then after containment had been achieved (read: death and exile) , Lenin decreed a certain ‘loosening up’ of internal trading arrangements.

          And 100 years on, the official state propaganda of the time is still peddled by tattered cult remnants within the left to underpin some notion that Lenin was benign and the Bolshevic’s fine and if only Trotsky had assumed the mantle of leader instead of that narsty Stalin…..

        • Rogue Trooper 6.1.1.3

          good summaries rr, and Bill

  7. Tamati 7

    A pet hate of mine with my ASB Kiwisaver is how they hide their fees when you check your balance online. They have a single row “Investment Returns and Fees” , i.e. only show me my net return, not the investment return and the amount they charged me for the privilege.

  8. tc 8

    Winnie is coming for you johnny, he may not be in the next govt but hes going to do his best to ensure your number is up.

    Shonkey comparing it to the soviet union rather than constructing a reasonable narrative gives winnie a stick to beat him with.

    A plausible policy which Key just flips the bird at, keep it up johnny.

  9. Draco T Bastard 9

    A public fund can achieve significant fee and cost reductions through greater economies of scale. Our fund would be an optional default KiwiSaver fund.

    It can do that but only if it’s a monopoly. If they try to maintain the competition then the costs would still be higher than optimum just as Peters has said.

    So instead of 20 managers having different strategies, different ways of doing things, different profiles, some more risky, some less risky, that you choose, so why on earth would we want to do that,” he said.

    Yeah, because a state monopoly would only have one person running it and not lots :roll:

  10. bad12 10

    Yep, if you sit and examine what NZFirst and the Green Party says on a pile of issues a lot of time it simply looks like the generation gap in effect, both are saying much the same thing which they see as being a lot of the time arrived at by different routes, the same none-the-less,

    Not only is KiwiSaver, as Peter’s suggests,a ticket clipping frenzy for the free market my view is that as we reach deep into the retirement bubble we are going to find that many of the funds run by the ‘market’ are going to turn up empty handed leaving many who will have invested their life savings with an empty nest egg,

    Kiwi-saver funds in many cases being run by what is loosely described as ‘the non-banking financial industry’ and as we have just seen it will be amidst a ‘crisis’ in the future that what will have been a ‘ponzi-scheme’ for many years will all unravel,

    Peters also alluded to insurance as another area that He sees the Government having a direct role of provision in, and i cannot disagree with Him either, obviously this is also highly topical as an industry at present considering the treatment, or should i say mistreatment by the insurance industry of the people of Christchurch during their hour of need,

    What is obvious, and glaringly so when when we take an intense look at especially the service industries which a majority rely upon is that there is no real competition, such is just a myth, what we have is crony capitalism of the worst kind where ‘Cartel Capital’ provides the illusion of ‘competition’ while driving the costs of the product or service ever higher,

    We can hope for such Cartel Capitalism to be defeated via regulation and the regulators, however, in the final analysis my opinion is that to ensure true competition in the markets Government has far more to gain by the provision of that competition rather than have it’s regulators forced to spend monies essentially gained by both sides ‘taxing’ us to try and force upon those who would involve themselves in Cartel Capitalism that competition through the courts…

    • Tat Loo 10.1

      Kiwi-saver funds are all being run by what is loosely described as ‘the non-banking financial industry’

      which is an integral part of the so-called “shadow banking system”.

  11. Tim 11

    And there’s one thing that’s a bit different this time (as far as Winnie ‘keeping his word’). It’s that this next time round will be his swan song, and as his bro once said to me – he’d love to have something positive and enduring to be remembered by.
    When he eventually karks it, it’s going to be bloody hard to ensure his ego hops into the coffin with him.

    …. so the “And Key seems to be suggesting NZ First would not stand by this policy in any post-election negotiations” might be another money trader’s gamble that isn’t worth shit.
    Winnie will be thinking “mmmmm …. take the baubles, or take the latter” I think it’ll be the latter.

    What would I know though!

  12. Richard29 12

    Interesting – Winston not to be outdone by Labour has decided to start ripping off Green party policy himself.. It’s all good, imitation is the sincerest form of flattery!

    The really interesting bit to me is seeing how John Key’s tone has changed in two years:

    Commenting on Green Public Option for Kiwisaver in 2011:
    John Key says he’s not sure about that move, but says the fee issue needs to be looked at.”If you outsource that to the Government, it might lead to an implied Government guarantee that we’re actually guaranteeing the funds, and in KiwiSaver there is no guarantee that your funds are safe so that might be the risk there.”
    http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10764330

    Commenting on NZ First KiwiFund proposal in 2013:
    “I know that these guys are on this track at the moment of wanting to nationalise electricity, nationalise building, nationalise our management funds, they’ll be nationalising supermarkets and petrol stations and everything else soon.
    “That worked really well for the Soviet Union when they were doing that,” Key said.
    http://www.stuff.co.nz/business/money/9305797/Peters-names-price-for-any-coalition-talks

    For the Greens he acknowledges the importance of discussing how to reduce fees and makes one or two light criticisms of potential drawbacks in the policy. For NZ First he just goes into full “Red Peril” campaign mode…

    I think part of that is probably panic – in 2011 he was coasting to victory and feeling perhaps a bit magnanimous, now he’s staring at almost certain electoral oblivion in 2014…

    The other part may be the different audiences (or perceptions of them) for the two parties. NZ First voters are perceived as simple, less educated and prone to populism so they get the knee jerk hyperbolic response. Green voters are perceived as mostly educated urban liberals, the kind of swing voter that Key cannot afford to be dismissive of, so they get the more measured and reasoned response actually engaging with the subject matter…

  13. Draco T Bastard 13

    “I know that these guys are on this track at the moment of wanting to nationalise electricity, nationalise building, nationalise our management funds, they’ll be nationalising supermarkets and petrol stations and everything else soon.

    What;s the difference between capitalists owning a farm/supermarket/petrol station through shareholding and hiring a manager to run it and the state doing the same thing?

    Answer: Nothing except that state ownership won’t have the dead-weight loss of profit on it.

    The only argument that I can see against state ownership is that a few people won’t get rich at everyone else’s expense.

    • Tat Loo 13.1

      Already happening. Pretty sure the Chinese are using Landcorp to manage the former Crafar Farms.

      • Draco T Bastard 13.1.1

        Yeah, I know. The point being that there’s no difference in the management and so it can’t possibly be any worse just because it’s government owned.

  14. Tim 14

    NRT sums it all up concisely (as he usually does):
    http://norightturn.blogspot.co.nz/2013/10/for-kiwifund.html

    Where’s King Kong and Chris70something-or-other and various others by the way?
    Is there some Nat crisis meeting in a War room somehwere going on?

  15. geoff 15

    I seem to recall that in the MSM (tv 1news i think) Winston’s idea was called a ‘radical plan’. Who’s feeding them these lines?

  16. Tracey 16

    Is a comparison with the cullen fund wrong because the money available to that fund at inception gave it better options than a govt backed kiwisaver

    • geoff 16.1

      Tracey, I think the relevant comparison being made with kiwisaver is that money is being wasted going to line fund manager’s pockets which wouldn’t have occurred if that money had been invested in government-run fund such as the Cullen fund.

      • Tat Loo 16.1.1

        Exactly. And the financial services industry trying to defend itself by saying, well, at least our fees are marginally less than in Australia, is pretty disingenuous. As has been pointed out, they are taking hundreds of millions of dollars from kiwi workers, while still achieving far lower gross returns than the government has been able to.

        So much for the right wing mantra of private sector is always better. No it’s not; unless you are talking about better for the 1%.

        • Draco T Bastard 16.1.1.1

          Better for the 1% is really all the right really worry about. Their changes to welfare and attacks on workers rights certainly show that they don’t care about everybody else.

          • thatguynz 16.1.1.1.1

            And that is only because the vast majority of the right wing voting muppets haven’t yet figured out that they themselves aren’t actually the 1%. Aspirational myopia perhaps? ;)

  17. Sable 17

    Peters is dead right. Its the same problem Australia has. Funds are devalued because rip off fees are levied by private trust management companies. Worse sill people are locked dealing with these firms and are effectively held to ransom by them.

    Norman an Australian himself has no doubt seen this first hand, as have I. Indeed I have money in super in Australia which is being slowly leeched away by fees.

    I do not see why this is a bad idea or why the Greens and Labour would not endorse it.

    Peters platform is the elderly and retirees so he is looking after his constituents which is what he is paid to do. His loyalty is the people who vote for him not other political parties and good on him for it.
    I’d like to see Labour acknowledge and take up policies that support working class Kiwi’s but fat chance of that.

    • tc 17.1

      Yes Oz has been reworking it’s portability rules and fee structures with a new lower fee regime coming into effect recently. It was incredible lucrative for fund managers before that came in.

      If your fund isn’t performing, shop around and move it Sable. Asgard comes highly recommended.

  18. Crunchtime 18

    A very sensible idea from Winston.

    (don)Key’s reading and comprehension have gone out the window – he seems to think that Peters’ plan is to replace all other fund providers with a govt one, which it is not.

    • Lanthanide 18.1

      I’m sure Key, or at least the people that write what he says, know exactly what Winston is saying.

      But Key has a very strong track record of deliberately mis-stating or mis-interpreting things that other politicians have said. Because Key always gets media coverage, this mis-representation of reality is what 80% of the voting public hear, and believe.

      What Winston has proposed is fairly moderate, but what Key is re-stating it as is pretty extreme. The voting public don’t like extreme, so this is a way for Key to discolour the whole debate with these non-factual claims, but do it in such a way that he’ll never be called up on it – and if he is, he can just say “mea culpa, but it’s because Winston is so hard to understand that I made that mistake” – and the media poodles will give him yet another free pass.

  19. phil 19

    I see two apologists for the finance sector re. Winstons proposal for Kiwisaver, promptly out of the starting blocks on Radio NZ (Nine to Noon) defending their pot of gold. I notice no counter opinion. No surprise, but will RNZ seek an independent view, rather than the usual vested interests.

  20. dave 20

    the americans have 401ks and wall street has plundered those accounts and used them to hide losses sell crap derrivatives personally i would back nz first and greens plan lets get some economy of scale in the system .

    • Tat Loo 20.1

      Spot on. That system was designed to give big fund managers huge amounts of workers funds to gamble with on the Wall St and shadow banking casinos. Half the reason so many US pension funds will not be able to meet their commitments is because the financial sector has walked away with the money.

    • Phil 20.2

      401k’s had, and have, very little derivative exposure, and are largely comparable to the mix of funds that Kiwisaver has. They’re invested mainly in equities. Only 19% of the funds are in bonds and fixed-interest securities (a portion of which would be RMBS).

      They also bounced back quickly after the GFC, so the idea that wall street has ‘plundered’ their money is false.
      http://www.ici.org/policy/retirement/plan/401k/faqs_401k

      • Tat Loo 20.2.1

        A highly partial financial industry lobbyist website? Surely you can do better than that.

        Here let’s try this:

        http://billmoyers.com/2013/09/25/how-401ks-rewarded-the-rich-and-turned-the-rest-of-us-into-big-losers/

        The report reveals that median retirement savings today stand at a paltry $44,000. But if you start looking at affluent America, the picture changes dramatically. A household at the 90 percentile of the retirement savings distribution had nearly 100 times more socked away for retirement than the median household. And the top 1 percent? Households at that lofty level had stashed more than $1.3 million in retirement account savings.

        In a nutshell, the 401(k) revolution created a few big winners and turned most of us into losers.

        • Phil 20.2.1.1

          Dave’s post was factually incorrect. That the data to prove it comes from the fund management industry is because they’re the ones collating the data into useable information in the first place. I make no comment on the quality of the 401k scheme generally, but do note that it looks a LOT like Kiwisaver.

          By the way, trying to critique a post you call ‘highly partial’ by linking to a partisan political pundit… not your best work.

          • Tat Loo 20.2.1.1.1

            Bill Moyers is one of the most respected long standing names in US journalism. He’s not a “political pundit”. That his reports don’t suit you is rather beside point.

            • Phil 20.2.1.1.1.1

              That his reports don’t suit you is rather beside point

              Pots and kettles, my friend, pots and kettles…

  21. KJT 21

    We already have a fund which should be being used to build the capability of New Zealand, including educating and training our children, and building infrastructure and sustainable energy and industry for the future. Taxation! And a cheap and cost effective super scheme. National super.
    Diverting even more money to the financial industry to gamble with is going to end in tears, as it already has in the USA. As pension funds and ordinary peoples savings are stolen to prop up the losses already made.
    Government is already planning laws, like Crete, so they can grab savings to prop up bank profits.

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    Labour | 11-08
  • Accessible healthcare also affordable
      It is obvious from Tony Ryall’s hasty attack of Labour’s plans to extend free GP visits to older people that he hasn’t bothered to actually read the policy, Labour’s Health spokesperson Annette King says. "Mr Ryall’s response to Labour’s...
    Labour | 11-08
  • Full details of oil execs’ junket revealed
    Full details of a $237,000 taxpayer-funded oil executives' junket in 2011 have emerged.National paid the nearly quarter of a million dollars to wine and dine 11 oil executives in New Zealand during the World Cup.The trip included yachting, wine tasting,...
    Greens | 10-08
  • Nats sold 500 rugby fields of land a day offshore
    Under National over one million hectares of land has been approved for overseas sale – 16 times the size of Lake Taupō or the equivalent of five hundred rugby fields a day, Labour’s Finance spokesperson David Parker says. “According to...
    Labour | 10-08
  • Joyce’s dodgy sums fool no-one
    Steven Joyce's attempt to attack Labour's positive plan for affordable healthcare will fool no-one. "We knew that National would try to say that we can't afford free GP visits and prescriptions for the New Zealanders who need it. But, as...
    Labour | 10-08
  • Campaign Launch – Ready to Win
    Today I launched Labour's election campaign at the Viaduct Events Centre, Auckland. Here is the speech I gave....
    Labour | 10-08
  • Labour extends free GP visits, free prescriptions
    Nearly 40 per cent of Kiwis – or 1.7 million people – will be eligible for free doctors’ visits and free prescriptions under a Labour Government, Labour Leader David Cunliffe says. “Last year more than half a million New Zealanders...
    Labour | 10-08
  • Labour promises a fairer ACC for all Kiwis
    Accident compensation for loss of potential earnings will rise under a Labour Government, while people not earning at the time of their accident will also be eligible for compensation, Labour’s ACC spokesperson Iain Lees-Galloway says. Releasing Labour’s ACC policy today...
    Labour | 08-08
  • NZ Govt must push for fair play in Fiji elections
    The New Zealand Government needs to do more to push for human rights and media freedom in Fiji as it stages its first election since the 2006 coup, the Green Party said today.Amnesty International has released a report which documents...
    Greens | 07-08
  • Pacific unemployment still highest in the country
    The Minister of Pacific Island Affairs can boast all he wants about changes to employment statistics for Pacific people but the reality for many Pacific people is nowhere close to National’s promised brighter future, Labour’s Pacific Affairs spokesperson Su’a William...
    Labour | 07-08
  • Big funding injection for regions in Green Party transport plan
    The Green Party will increase transport spending in the regions by 50 percent over the next decade under its new transport plan, the Green Party said today."Transport is the life-blood of the regions. They have been starved under National," Green...
    Greens | 07-08
  • From smiling assassin to grumpy butcher – on giving Judith Collins a last...
    After #dirtypolitics Key isn’t the smiling assassin, he is the grumpy butcher. When he said Judith had  a ‘last chance’ he meant 1 second after voting closes on 20th September. Key would love nothing more than to cut Collins loose and end...
    The Daily Blog | 20-08
  • If the National Party rowing advert was real….
    If the National Party rowing advert was real there would be more blood in the water. If the National Party rowing advert was real it would be Cameron Slater calling the strokes. If the national Party rowing advert was real,...
    The Daily Blog | 20-08
  • Cameron Slater: Zionist and political pundit
    It is hard to know where to start with right-wing blogger Cameron Slater (Whale Oil), especially after the release of Nicky Hager’s book Dirty Politics. This confirmed everything many of us thought Slater to be: a snivelling pundit who serves...
    The Daily Blog | 19-08
  • Bryce Edwards stood down from Herald for election season??? Are the editors...
    I only found this out via twitter last night and I am still in shock. Bryce Edwards, easily the best critical thinker and news analyst the NZ Herald has has been stood down by the NZ Herald ‘for the election...
    The Daily Blog | 19-08
  • So who’s a “conspiracy theorist” now?!
    . . As the media storm over Nicky Hager’s book, “Dirty Politics“,  and allegations over smear campaigns continue to swirl,  National’s spin doctors have given Key, Collins, and other National Party ministers a string of  phrases to use in all...
    The Daily Blog | 19-08
  • Momentum shift
    When you are deeply immersed in a local campaign sometimes it can be difficult to see the helicopter view.   I don’t know how accurate the political polls are and have always known that things can change quickly in politics...
    The Daily Blog | 19-08
  • Dear Toby Manhire. Bad call on backing Farrar
    Oh dear. I say this as someone who regards Toby Manhire as one of the smartest journalists/commentators/columnists this country has, and I think Toby has made a terribly dumb call here. Let’s see if Toby is still singing Farrar’s praises...
    The Daily Blog | 19-08
  • Radio NZ apologise to me for getting it wrong
    Radio NZ have contacted me, reviewed the claim by their host that I had an advance copy of Nicky Hager’s book and they have concluded they got it wrong, they have called me and apologised and will make a statement...
    The Daily Blog | 19-08
  • GUEST BLOG: Reclaim UoA – Students’ Message to Steven Joyce
    Tertiary Education – we’ve been sold a lemon  A group of 30 students attended an event on Tuesday evening about ‘the future of tertiary education’ at which the Minister of Tertiary Education Steven Joyce was slated to speak. As Joyce...
    The Daily Blog | 19-08
  • Can someone in the media please ask the PM of NZ to categorically deny any ...
    Now we see the MO of Slater & Co, the setting up, the digging for dirt, the use of staff to dig that dirt, can the Prime Minister of NZ categorically deny any National Party staff worked with Cam Slater...
    The Daily Blog | 19-08
  • Panic setting in for National as they realise what’s about to happen
    And the terror starts to set in. I’ve never seen blind panic like this before  and it’s spreading as the enormity of what’s about to happen starts to sink in. Hager’s book is a mere entree, Nicky’s personal ethics wouldn’t...
    The Daily Blog | 19-08
  • Hager’s Dirty Politics: what the book ultimately reveals is abuse of powe...
    Guide to the many faces of John Key Nicky’s book is now doing what I suspected it would do, create a shockwave of revulsion. Andrew Geddis over at Pundit Blog sums up this attitude best, and it’s reverberations build with every...
    The Daily Blog | 18-08
  • Fancy taking children seriously
    Let’s see why all political parties should pay close attention to the Green Party’s policy for children. First, it is a comprehensive attempt to put children, not ideology, at the heart of family policy. Wow, children at the heart of...
    The Daily Blog | 18-08
  • Amnesty International: Dear Azerbaijan, Stop Torture, Love Kiwi Kids
    This is a world where many adults often underestimate Generation Y. Being only a few years out of being a teenager myself, I feel I can make this statement with certainty. However, I have been the Youth Intern at Amnesty...
    The Daily Blog | 18-08
  • GCSB meetings today in Christchurch 1pm at Uni 7pm at Cathedral
    The 2014 GCSB meetings to discuss the mass surveillance state legislation passed by this Government will be debated in Christchurch today at two different meetings. 1pm at Canterbury University bottom floor James Height Building: Chair: Bomber Bradbury Ruth Dyson – Labour Party...
    The Daily Blog | 18-08
  • Things that 7 Sharp should probably be talking about
    Things that 7 Sharp should probably be talking about...
    The Daily Blog | 18-08
  • Guide to when Key is lying
    Guide to when Key is lying...
    The Daily Blog | 18-08
  • GUEST BLOG: Kate Davis – The State of the Student Nation …or is just Al...
    Students politics are dead and our student media is in terminal decline. The most disappointing thing about university is the politics, or should I say lack of? I was raised with the idea that students held the power.They were the...
    The Daily Blog | 18-08
  • Love Lifts Us Up: Thoughts from the Green Party’s campaign launch.
    Author Eleanor Catton wants people to give their party vote to the Greens.Photo by Peter Meecham NO ONE WAS QUITE SURE how he did it. Somehow Bob Harvey had persuaded the owners of the rights to Joe Cocker’s Up Where...
    The Daily Blog | 18-08
  • Test Stream
    width="600" height="400"> archive="http://theora.org/cortado.jar [3]" width="600" height="401">...
    The Daily Blog | 18-08
  • LIVE STREAM: You, Me and the GCSB ChCh Public Meetings
    LIVE STREAM EVENT here at 1pm & 7pm: The 2014 GCSB meetings to discuss the mass surveillance state legislation passed by this Government will be debated in Christchurch today at two different meetings. PLEASE NOTE: TDB recommends Chrome and Firefox...
    The Daily Blog | 18-08
  • Jeremy Wells’ Mike Hosking rant on Radio Hauraki: Today,
    Jeremy Wells’ Mike Hosking on Radio Hauraki...
    The Daily Blog | 18-08
  • How @whaledump might destroy the popular vote for National
    Dirty Politics is now creating a meltdown and National are in danger of a total vote collapse. The real threat to for National was if Nicky had all the emails released via the anonymous hacker who took them. That danger is now a...
    The Daily Blog | 18-08
  • Open letter to Radio NZ – you need to make a retraction now
    I have just sent this off to Radio NZ right now Dear Radio NZ Firstly, what a great interview by Guyon Espiner this morning with the Prime Minister. Great to see such hard hitting journalism. Unfortunately I am not contacting...
    The Daily Blog | 17-08
  • Radio NZ are lying about me
    I am getting this all second hand at the moment as I don’t bother listening to Radio NZ (except for that wonderful Wallace Chapman in the weekends) but there is a claim that Suzie Ferguson just insinuated on Radio NZ...
    The Daily Blog | 17-08
  • Farrar’s fake claim of being invaded + Slater’s claims of death threats...
    The counter spin to avoid focus on the series allegations made in Nicky Hager’s Dirty Politics continues. David Farrar’s ridiculous hysterics that he was invaded and his privacy has been blah blah blah has all been reduced from computer hacking to...
    The Daily Blog | 17-08
  • A shout out to the unsung heroes – our Public Service staff
    Government departments, particularly in the social welfare, education and health areas get a lot of shtick. And it’s not unjustified. We have problems in the way that our government departments treat those in need. And I do not intend to...
    The Daily Blog | 17-08
  • Key’s ducking for cover – utterly unbelievable!!!
    .   . I don’t often re-print media stories verbatim – but this piece by Andrea Vance, for Fairfax Media,  deserves wider circulation. Please note the highlighted statements by Dear Leader as he ducks, weaves, obfuscates, and deflects any and...
    The Daily Blog | 17-08
  • Hager’s Dirty Politics – Who is the source of Hager’s emails?
    Who is the source of Hager’s emails? Kim Dotcom has categorically denied he has anything to do with this and Nicky Hager has categorically denied that Kim was the source of the emails. Whatever you think about Kim (and he...
    The Daily Blog | 17-08
  • Dirty Politics – Audio+Text Why It Is Essential Raw Data Be Released Imme...
    MIL OSI – Source: RadioLive – Sunday Panel Analysis Headline: Dirty Politics – Audio Analysis by Selwyn Manning + Rodney Hide + Mark Sainsbury MIL Video: Selwyn Manning, Rodney Hide, and Mark Sainsbury discuss and debate the explosive details revealed...
    The Daily Blog | 17-08
  • TV One and TV3 Political Polls – not such a landslide now
    Before the impact of Dirty Politics has been felt, the National Party high point in the Polls had been reached and their inevitable  drop begins. Despite the mainstream media telling NZers for almost 3 years that John Key would win...
    The Daily Blog | 17-08
  • Hager’s Dirty Politics – You will not believe Key’s defence of hackin...
    He actually used a sporting analogy. Can you believe it? John Key, asked on the fact that his staff had entered into a Labour Party computer and downloaded their database, Key replied, “It’s a bit like the Wallabies positing up their...
    The Daily Blog | 17-08
  • A brief word on 100 Top political Tweeters
    The NZ Herald has put together a very useful list of top 100 political twtter accounts, what is most interesting from the lists is that the right wing all work hand in glove with each other where as the Left...
    The Daily Blog | 16-08
  • Are Whaleoil’s traffic stats a bloated illusion?
    Dim Post has done a critical analysis of just how real Cameron Slater’s traffic stats are. TDB has only been around for a year with a fragment of the digital footprint of the older blogs, yet we have managed to become...
    The Daily Blog | 16-08
  • Hager’s Dirty Politics – Is Jordan Williams deceptive enough to blackma...
    There are so many issues raised by Nicky Hager’s book, that any one of them would be worthy of total focus on. Let’s chat about the claim in the book that Jordan Williams bragged to Slater and Lusk that he had...
    The Daily Blog | 16-08
  • Hager’s Dirty Politics – Why ‘see no evil, hear no evil, speak no evi...
    This sign shows how National’s see no evil, hear no evil, speak no evil denial isn’t working. National’s response to the book is that there is NOTHING in there that deserves anything more than the most briefest of eye motions. Key won’t...
    The Daily Blog | 16-08
  • “Dirty Politics” and The Teflon Man
    . L-R- David Farrar, John Key, Cameron Slater . The release of Nicky Hager’s book, “Dirty Secrets” has unleashed more of a political firestorm than many had anticipated. (Or, perhaps some did.) The glare of publicity has been shone like...
    The Daily Blog | 16-08
  • GUEST BLOG: Lyndelle Gibara – An Open Letter to Cameron Slater
    Dear Cameron,I am in Christchurch. I am not a ‘useless prick’. I have not asked to be ‘bailed out’ nor have my ‘scum friends’ in the eastern suburbs. I lost my cafe in September, the quakes wrecked my shop that...
    The Daily Blog | 16-08
  • Hager’s Dirty Politics – Death threats or hit jobs?
    Shocked selfies while reading Dirty Politics are flooding Twitter - verily the vermin value their villainous vanity*    The beauty of Hager’s book is that there are so many horrific awful and insidious highlights, it’s difficult to know what to focus...
    The Daily Blog | 16-08
  • Hager’s Dirty Politics – Labour release emails proving Key has lied
    Labour have released emails proving Key has lied about National Party involvement into the hacking of the Labour Party computer… The Labour Party has released documents it says proves its website was hacked by people working for the National Party....
    The Daily Blog | 16-08
  • Hager’s Dirty Politics – the TV political panels are ridiculous
    The total lack of depth and shallow talent pool of TV political panel shows in NZ is providing hideous coverage and insight into one of the most important political stories of the year. Yesterday Firstline had Jacinda Ardern and Jamie...
    The Daily Blog | 15-08
  • Hager’s Dirty Politics – response to Canon NZ
    Poor old Canon NZ. They have been so damaged by appointing Cam’s mate as a judge and her awarding him their Best Blogger Award. I feel for them, I really do. They are amazing supporters of Journalism in NZ when...
    The Daily Blog | 15-08
  • Hager’s Dirty Politics – the legality of using stolen emails
    I wonder if Key is humming, “I’ve got one less problem withoutcha” as he deletes Cams number from his phone?   One of the attack spin lines being run by National Party apologists in the media is that Nicky Hager has...
    The Daily Blog | 15-08
  • Hager’s Dirty Politics – Release the emails and prove Key wrong
    It is vital in this crisis control of the meltdown that Key comes across as relaxed and not agitated, if he does he gives the game away on how damaged they are. He has to keep denying and claiming he...
    The Daily Blog | 15-08
  • Hager’s Dirty Politics – Farrar oxygen stealing stunt backfires
    Oh poor David Farrar everyone. The wee babe is on the verge of a hysterical breakdown because he concludes after reading the hideous catalogue of hate and filth that his friends have vomited up in Dirty Politics that he must...
    The Daily Blog | 15-08
  • Key’s arrogance as a leader
    There is a lot that could be said about John Key at the moment but one thing that really irritates me about him is his complete lack of remorse or regret for the lies he’s told or the things he...
    The Daily Blog | 15-08
  • Jeremy Wells’ Mike Hosking rant on Radio Hauraki: Today, Nicky Hager’s ...
    Jeremy Wells’ Mike Hosking on Radio Hauraki...
    The Daily Blog | 15-08
  • GUEST BLOG: Curwen Rolinson –Winston’s Liver? How about Minto’s Splee...
    I really do want to use my Daily Blog guest-blogger status to do more to amuse, enthuse, entertain and inflame the political classes of this country than just writing endless responses to InternetMANA affiliated personalities who seem to think it’s...
    The Daily Blog | 15-08
  • Hekia speaks with forked tongue
    There was a prescient moment at Wednesday night’s Tick For Kids education forum in Wellington. Hekia Parata had just wound up, and Tracey Martin MP took her place at the lectern. Without a pause she said that the education sector had...
    The Daily Blog | 15-08
  • Show me what democracy looks like: 6 activists for Palestine #Occupy the NZ...
    At around 12pm yesterday Nadia Filistin, who has been a major organiser in the Auckland protests against Israel’s ongoing assaults in Gaza over the last 6 weeks which has killed over 1900 Palestinians and injured thousands, updated her Facebook status...
    The Daily Blog | 15-08
  • New shark finning laws fall short for threatened species
    Environmental groups are welcoming some aspects of a raft of law changes announced today in relation to shark finning, but say that overall the chance for New Zealand to catch up with international efforts in shark conservation is being missed....
    Scoop politics | 20-08
  • Promoting Labour’s Positive Policies
    General Secretary of the New Zealand Labour Party, Tim Barnett, today launched Labour’s television advertisements for the 2014 election. The advertisements help tell Labour’s positive story for a better New Zealand....
    Scoop politics | 20-08
  • Drug Court: Rare Insight into New Alternative Justice Model
    Māori Television’s latest New Zealand documentary presents a fascinating look inside a new alternative justice model – through the stories of convicted criminals....
    Scoop politics | 20-08
  • Political parties pledge to increase overseas aid
    A survey of political parties looking at how much New Zealand should spend on Official Development Assistance (ODA) shows the overwhelming majority of parties are committed to raising the bar according to the Council for International Development (CID)....
    Scoop politics | 20-08
  • Top Kiwis backing Tip the Scales campaign
    Sir Graham Henry, former All Black Kees Meeuws, singer-song writer Jamie McDell and fishing guru Matt Watson have pledged their support to Tip the Scales, a pre-election campaign generating public support for rebuilding New Zealand’s depleted inshore...
    Scoop politics | 20-08
  • Maritime Union continues to press over dirty politics
    Maritime Union National President Garry Parsloe says Ports of Auckland management is trying to get off the hook from its involvement with extreme right wing bloggers during the Ports of Auckland dispute....
    Scoop politics | 20-08
  • No end in sight to overwhelming human cost of conflict
    Two ceasefires have brought some respite to civilians in Gaza and southern Israel, amid hope that a durable cessation of hostilities might occur. In Gaza, these breaks in the fighting have barely given people enough time to seek medical care,...
    Scoop politics | 20-08
  • Young Kiwi speakers to represent NZ at Gallipoli 2015
    The RSA is delighted at the announcement made by Veterans' Affairs Minister Michael Woodhouse today, that all eight regional finalists of the 2015 ANZ RSA Cyril Bassett VC Speech Competition will be included in a group of 25 Youth Ambassadors...
    Scoop politics | 20-08
  • “Bromance” Marriage Stunt Insulting Says LegaliseLove
    A promotional competition asking two best mates to get married in order to win an all-expenses-paid trip to the 2015 Rugby World Cup is insulting, marriage equality campaign LegaliseLove Aotearoa claims....
    Scoop politics | 20-08
  • Cannabis Party first to register for 2014 General Election
    The Aotearoa Legalise Cannabis Party became the first party to register for the 2014 General Election today, when it meet with the Electoral Commission in Wellington at Midday....
    Scoop politics | 20-08
  • PGA: Addresses NZ’s ratification of Arms Trade Treaty
    President of Parliamentarians for Global Action and New Zealand MP Ross Robertson today addressed a celebration to mark New Zealand’s imminent ratification of the Arms Trade Treaty (ATT), which is expected within the next few weeks....
    Scoop politics | 20-08
  • Roy Morgan Poll August 20
    National (48%) holds its lead over Labour/ Greens (39%) as ‘Dirty Politics’ revelations provide a new challenge for PM John Key’s leadership. NZ First surge to 6.5% - highest support since September 2013....
    Scoop politics | 20-08
  • IGIS inquiry into release of NZSIS information
    The Inspector-General of Intelligence and Security (IGIS), Cheryl Gwyn, announced today that she would be instituting an inquiry concerning allegations that the New Zealand Security Intelligence Service (NZSIS) might have released official information...
    Scoop politics | 20-08
  • Glen Scanlon to Head Digital Media at Radio New Zealand
    Radio New Zealand has announced the appointment of Glen Scanlon to the recently created position of head of digital media....
    Scoop politics | 20-08
  • Israel’s Gaza ceasefire violations go unreported
    It seems that it is only ceasefire violations that emanate from the Palestinian side that ever get publicised....
    Scoop politics | 20-08
  • Drug courier sentenced for importing heroin
    South African drug courier, Laura Elizabeth Cilliers, was sentenced today in the Christchurch District Court to 7 years and 10 months in prison for importing approximately 1.2 kilograms of heroin....
    Scoop politics | 20-08
  • Residential Property Speculators Days Numbered
    Rent heat cools as homes are replaced ... Liz McDonald ... The Press http://www.stuff.co.nz/the-press/business/your-property/10400851/Rent-heat-cools-as-homes-are-replaced Comment on thread (in moderation) … Christchurch is a “severely unaffordable” City as the Annual Demographia Survey ( www.demographia.com ) illustrates … thanks...
    Scoop politics | 20-08
  • Academic’s study shows need for a Ministry of Public Input
    A book by Associate Professor Jennifer Lees-Marshment recommends the creation of a Ministry of Public Input to collect, process and communicate the publics’ ideas to government. The University of Auckland’s political marketing expert says the...
    Scoop politics | 20-08
  • Government inaction killing innocent motorists
    Innocent people are dying due to long delays in installing centre lane barriers on high risk roads, says an outspoken road safety campaigner....
    Scoop politics | 19-08
  • Property revaluations for council rates must be reformed
    Opportunity to bring controls on rating value changes and more equitable level of annual rates increase...
    Scoop politics | 19-08
  • Ron Mark Sets the Example
    The Taxpayers’ Union is welcoming the pledge by Mayor of Carterton and NZ First candidate Ron Mark who has announced he would relinquish his roles as Mayor and member of two District Health Boards if successfully elected to Parliament. Taxpayers’...
    Scoop politics | 19-08
  • Ban 1080 Candidates announced for 2014 General Election
    MEDIA RELEASE: Angry rural communities want issue of 1080 aerial drops taken to the polls, says party co-leader Ban 1080 Candidates announced for 2014 General Election...
    Scoop politics | 19-08
  • Governor General Gives Direction to Conduct Election
    The Governor General, Lt Gen The Rt Hon Sir Jerry Mateparae, has given the green light for this year’s General Election....
    Scoop politics | 19-08
  • New Zealand Animal Groups Unite to Help
    WELLINGTON (19 Aug 2014) – The Be Cruelty-Free campaign to ban animal testing of cosmetics in New Zealand just got bigger and stronger, as two leading animal protection groups come on board. Joining forces with Humane Society International which has...
    Scoop politics | 19-08
  • Students Interrupt Steven Joyce at University Event
    A group of 30 students this evening interrupted an event about ‘the future of tertiary education’ at which Tertiary Education Minister Steven Joyce was slated to speak. As Joyce began to speak, students interrupted with a speech of their own....
    Scoop politics | 19-08
  • Caritas among first responders offering relief in Iraq
    As the plight of Iraqis fleeing persecution reaches tragic levels, Caritas Aotearoa New Zealand has pledged an initial $10,000 to support the work of Caritas in Iraq to provide humanitarian aid to thousands of families affected by the war and...
    Scoop politics | 19-08
  • iPredict 2014 Election Update #31: Nats take hit
    Election race narrows significantly · National party vote now below Labour/Greens · National’s probability of leading next government dips to 72% · Joyce expected to take over as National leader before end of 2015, as Collins’ prospects fall...
    Scoop politics | 19-08
  • Call for applications – Fulbright scholar awards
    Fulbright New Zealand calls for applications to a range of scholar awards for New Zealand academics, artists and professionals to undertake academic and cultural exchanges to the United States of America. A Fulbright exchange provides life-changing opportunities...
    Scoop politics | 19-08
  • CWS launches appeal for Iraqis on World Humanitarian Day
    Christian World Service is appealing for help for tens of thousands of Iraqis caught up in one of the world’s horrifying conflicts....
    Scoop politics | 19-08
  • Promoting the Voice of the Rangatahi
    Young Māori voters are seen by the Māori Party to have a vital part to play in saving the Māori seats in Parliament says the Māori Party’s youngest candidate, Reverend Te Hira Paenga. “What we’re hearing on the ground is...
    Scoop politics | 19-08
  • Nelson Election Candidates’ Community Forum
    Nelson’s community and volunteer sector has some serious questions to put to the local candidates in the run up to next month’s general election....
    Scoop politics | 19-08
  • Research NZ Budget Observer – Still On Track For Surplus
    New Zealand's Treasury today released their pre-election budget update, ahead of the 20 September vote. The government still expects to get back to surplus in 2014/15, albeit a slightly smaller surplus than expected in May. The growth forecasts were...
    Scoop politics | 19-08
  • Nicky Hager’s first public comment on police investigation
    A complaint has been laid with police by Cameron Slater over the hacking of his computer and 'theft' of emails to supply to Nicky Hager for his explosive book Dirty Politics . We give Nicky Hager the first chance to...
    Scoop politics | 19-08
  • Disabled Person’s Organisations report sent to UN
    A report written by Disabled Person’s Organisations (DPOs) representing the voice of disabled New Zealanders has been released and sent to the United Nations today....
    Scoop politics | 19-08
  • Fuel and electricity price gouging hits regions hardest
    Mere Takoko - New Zealand First East Coast Candidate For Immediate Release - Tuesday, 19 August, 2014...
    Scoop politics | 19-08
  • Government “opening of the books” shows wasted opportunity
    “The economic and fiscal forecasts in the pre-election update – the ‘opening of the government’s books’ – shows how the Government has failed to grasp the opportunity of the Global Financial Crisis to rebalance the economy,” says CTU...
    Scoop politics | 19-08
  • Kiwis take up the challenge to end extreme poverty
    High profile New Zealanders have been invited to participate in Live Below the Line (LBTL). Part of a global initiative, LBTL challenges Kiwis to raise awareness of extreme poverty and to live on a daily food budget of $2.25 for...
    Scoop politics | 19-08
  • NZ Independent Coalition announces strong list
    NZ Independent Coalition Secretary Helen Anderson announced the party’s candidates for the 2014 election today - 10 candidates total, with four also standing in electorates....
    Scoop politics | 19-08
  • National Chooses to Campaign on High Tax, High Spend Policy
    The Taxpayers’ Union is slamming Bill English’s indication that the National Party will not offer voters any indication of tax cuts before next month's general election. Speaking to journalists and analysts in the Pre-election Economic and Fiscal...
    Scoop politics | 19-08
  • SSC survey shows way forward for better public services
    The Public Service Association (PSA) has welcomed the release of the State Services Commission’s (SSC) Integrity and Conduct Survey 2013 , which it says indicates what needs to be done to strengthen the public services that New Zealanders use and...
    Scoop politics | 19-08
  • Talent pipeline is the key to correcting gender balance
    Building a talent pipeline that fosters talented young women from early on in their careers is the key to gender balance at the most senior levels, according to EEO Trust Chief Executive Bev Cassidy-Mackenzie....
    Scoop politics | 19-08
  • A-Team of Election Data Analysis For Election 2014
    NZ's leading independent online news source Scoop.co.nz has teamed up with data heavyweights Roy Morgan Research and Spark Venture's brand-new big-data start up Qrious to deliver a under the covers perspective on the 2014 NZ General Election that has never...
    Scoop politics | 19-08
  • Pre-election Economic and Fiscal Update 2014
    Full PREFU: prefu14whole.pdf Full Executive Summary with charts: prefu14pt2of11.pdf Online: Pre-election Economic and Fiscal Update 2014 — The Treasury - New Zealand...
    Scoop politics | 19-08
  • Survey of Integrity and Conduct in the State Services
    The State Services Commission (SSC) today published the report of the 2013 Integrity and Conduct Survey of the State Services. “The New Zealand State services is rated highly internationally for its standards of integrity and conduct and is considered...
    Scoop politics | 19-08
  • Demand for Same-Sex ‘Marriage’ Underwhelms
    Family First NZ says that one year on from the marriage law being politically manipulated, the demand for same-sex marriages has been underwhelming with just 318 same-sex couples rushing to take advantage of the new definition to formalise their relationship...
    Scoop politics | 19-08
  • Jacinda Ardern talks about life as an MP
    A class of Albany politics students gained some insight into life as a Member of Parliament this week, with a visit to campus from Labour List MP Jacinda Ardern....
    Scoop politics | 18-08
  • Regional issues top agenda for election debate
    Wellington regional issues, from the flyover to extending the airport, will be in the spotlight at an election debate at Massey University’s Wellington campus tomorrow....
    Scoop politics | 18-08
  • Walking and the Election
    The Green Party has topped the polls while National has failed to register according to NZ's pedestrian advocacy organisation Living Streets Aotearoa (LSA)....
    Scoop politics | 18-08
  • Evidence of the dubious tactics of the alcohol industry
    Nicky Hager’s latest book “Dirty Politics” reports the alcohol industry works behind the scenes to actively try and smear the professional reputation of people who promote effective alcohol reforms in New Zealand, as well as other public health...
    Scoop politics | 18-08
  • ACT’s plan to double cycle use without spending taxes
    "The National party yesterday announced a $100 million cycle-way that just happens to go through the marginal seat of Hutt South" said ACT Leader Dr Jamie Whyte....
    Scoop politics | 18-08
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