web analytics

Brash and Banks try to profit off vulnerable

Written By: - Date published: 2:13 pm, September 10th, 2009 - 31 comments
Categories: auckland supercity, business, john banks, kiwisaver - Tags: , , ,

Former National Party leader Dr Don Brash and Auckland Mayor John Banks love making the big bucks. And what better way to do it than hitting the most vulnerable in society. Today the National Party stalwarts are after mental patients.

The Herald notes:

KiwiSaver targets mental patient

An Auckland woman is dismayed her 25-year-old son was approached to sign up to KiwiSaver while living in a long-term mental health facility…

[She] said she did not have any problem with selling KiwiSaver to staff but questioned the ethics of selling it to people with severe mental health problems.

The company involved was Huljich Wealth Management – of which Brash and Banks make up two of three directors (and Banks has a substantial interest).

With the Super City elections only a year away it’s not the best look for Banks to be seen exploiting mental patients for profit.

31 comments on “Brash and Banks try to profit off vulnerable ”

  1. willaspish 1

    Yeah, that sucks. And so does the Herald’s choice of the term ‘mental patient’ for those people experiencing some mental illness and staying in mental health institutions. Perhaps this term could have been replaced on this blog with one that is not so judgemental and derogatory.

  2. gargoyle 2

    Don’t they mean Mental Health patient ?

    Are the Herald only employing chimps ?

    Edit snap as above.

  3. toad 3

    Well spotted Eddie! Presume the Herald didn’t look at who was behind the company when they ran the story – otherwise it would probably have never appeared.

  4. ghostwhowalksnz 4

    Exploiting ?

    Dont you mean illegal. Its illegal to sell financial products door to door

  5. Christopher Nimmo 5

    As much as it might be tempting, I think it’s probably a bit much to try to stick this to Banks + Brash.

    Maybe if you mentioned it politely they might try to stop it happening again?

  6. Tim Ellis 6

    Does it say somewhere that Mr Banks or Dr Brash personally approached this person, or that they had any idea that this person was being approached before or after the fact?

    Is there anything wrong with signing up low income people to Kiwisaver? Or was kiwisaver only designed for the wealthy and financially literate?

    Still I suppose Eddie it is preferable to sign up a vulnerable person to an accredited superannuation scheme than offering them immigration in return for helping renovate your house. I can’t think of anybody in the National Party who did that, although the last time a Labour person did that, the more senior Labour figure said that the politician involved was guilty of doing nothing more than helping people.

    • snoozer 6.1

      good damn, that’s poor Tim. Anything is OK because someone in Labour once did something bad?

      • Maynard J 6.1.1

        He has kind of gone past making a straw-man argument into some twilight zone where he has to express anger but cannot do so in a rational fashion, so has to imagine that someone said Banks and Brash perpetrated these evil acts themselves, and even if they did it is actually a good thing, and eddie is basically saying you are not allowed to have kiwisaver unless you are rich.

        Resemblance to original post content = 0.

        Tim. Was it you they approached? That why you are so touchy?

  7. Eric C. 7

    Oh, Tim, always on the defensive. But in response, does the name Bakshi ring any bells?

    I feel sorry for you, because you must be busier than usual these days, what will all the corrupt acts of your buddies going down. How is your good friend Mr English today?

    Anyway, directors have a responsibility to see the company is running properly and with in the law. Banks and Brash are two of three who have responsibility for this company.

    • Tim Ellis 7.1

      I don’t know anything about the Bakshi case Eric and I suspect you don’t know much either, and while being investigated by immigration is no doubt quite serious on its own, Mr Bakshi is not alone as an MP. I understand Mr Sio’s office is being investigated by immigration as well.

      • ghostwhowalksnz 7.1.1

        Investigated by police, P O L I C E , Immigration has passed their information onto the police in the Bakshi case.
        Quite a bit different

  8. Nick 8

    But in response, does the name Bakshi ring any bells?

    Well not to me it doesn’t ‘cos I support Act.

    But the name Taito Phillip Field is familiar.

  9. Tim Ellis 9

    Maynard J I really couldn’t give a hoot whether some company approached a potential customer to enlist them in kiwisaver plans. I work in a bank, and we have as all major trading banks made offers to retail bank customers for them to join investment schemes including Kiwisaver.

    I don’t see how this is profiteering from the vulnerable any more than advertising telecommunications or grocery products to consumers. Does Eddie get worked up when Kiwirail advertises its rail services to vulnerable customers?

    • Maynard J 9.1

      “Maynard J I really couldn’t give a hoot whether some company approached a potential customer to enlist them in kiwisaver plans.”

      What if they beat them up? That is against the law too. You do realise it is illegal to sell financial products like that in NZ?

      We are talking about a place where you cannot be sure that the person you are talking to even has full administration over their affairs. Do not pretend that the vulnerability of people in mental health institutions is the same as those who are poor, that is pretty sickening.

      And yes, if kiwirail reps went into a mental health institute, walked people to the train station and forced them onto the train I would be disgusted. Any further idiotic comparisons?

    • ghostwhowalksnz 9.2

      Illegal , its illegal to approach people at their home to sell financial products ( except life insurance). But then you knew that Tim ….. surely

  10. TightyRighty 10

    Thought the Idea behind Kiwisaver was that it was beneficial to every New Zealander? Nice to see discrimination against Intellectually handicapped people alive and well over here. Murder victims, the intellectually handicapped, whose next?

    • Maynard J 10.1

      “[She] said she did not have any problem with selling KiwiSaver to staff but questioned the ethics of selling it to people with severe mental health problems”

      Think about that statement.

      Cry me a river, tighty. Discrimination my arse. I have a friend with CF. I do not think she should sign up, because she will die well before retirement. Decades before. Think I am ‘discriminating’ against people with CF, or are you not too stupid that you can identify shades of grey?

      • TightyRighty 10.1.1

        Not to stupid. i do know that certain Intellectual disablities do not kill off those who suffer before retirement age. as this is a broad scheme, surely you wouldn’t exclude those with Intellectual Handicaps from it on the basis of their disability?

        • Lanthanide 10.1.1.1

          In which case the correct way to do this is for the company to organise a presentation to a group of patients at a time, rather than (apparently) individually approaching them.

          Even then, I would be very dubious as to the legality and morality of doing so – people in mental health institutions aren’t necessarily capable of making long-term financial decisions like this by themselves. The correct thing to do would be for whoever was responsible for this person’s financial affairs to talk to the person about kiwisaver and present it in a way that they can understand, not some company representative who sees every customer as a dollar sign.

          • TightyRighty 10.1.1.1.1

            I agree with all of that. thank you for not displaying the righteous indignation shown by others here. though on that note, what about the allegations made against the Labour party coercing people with limited english to vote for them, is that note in the same vein?

  11. Mark M 11

    Dont mental Health patients have the same right to the benefits of Kiwisaver that the rest of us have.

    Mind you the approach should have been made to the parents / caregiver first

  12. Maynard J 12

    TR – No, but I would not actively target people, and that is in part because it is against the law, but also that without knowing the history of someone in a hospital, mental health or general, I would have no way of knowing whether the product was appropriate for them, let alone whether they had the faculties at the time to make an informed decision. I suspect that is what the nurse (she whom you think is discriminating against her patients) is getting at. Calling that discrimination is pretty silly IMO.

    They are not ‘excluded’. Care to question why they are being targeted though? Parhaps you will find your discrimination there.

    • TightyRighty 12.1

      I don’t think the nurse discriminates, she has a duty of care, it’s the commentators on this site that i believe are guilty of discrimination by getting all worked up with righteous indignation that even the intellectually disabled could possibly be asked to join a government initiated scheme that may even be of some benefit to them. Gasp.

      • ghostwhowalksnz 12.1.1

        These people often have the mental age of a child, and whether its good for them or not a salesperson on commission is going to take advantage of them without some guardian or caregiver around

  13. davidw 13

    GWW So only mental health professionals who are competent to distinguish a person’s mental capacity/competence should be able to solicit kiwisaver subscriptions?

    Oh and BTW where do you stand on the rights of mentally impaired persons to marry, procreate and attempt to raise children?

  14. Galeandra 14

    I work in a bank, say Tim, but when when when????? says I.
    Presumably not in the periods of time just before 3.14 pm or 4.19 or 4.21…. when lots of ordinary folk are hard at work.

    I read the Standard at night, Tim, after work. That way I can get a perspective on this side of the debate. I don’t need lots of scrofulous rightwing commentary to help me. I’ve enough conservative bones of my own to chew anyway, and I can get oodles of help on Kiwiblog if I want that.

    Unless, of course, the bank pays you to hop on here and run the blind for them? Take everyone’s attention from the modest little inquiry being run by the parliamentary left into your shareholders’ operations I suppose.

  15. Nanoo 15

    if anyone paid any attention to the financial media instead of coming up with patently absurd conspiracy theories about don brash and john banks, they would know that the seller was a third party agent AND huljich wealth management, upon learning of this, sacked that agent. its a bit like trying to blame an insurance company like nzi for the drunk driving of a rogue broker who works for an insurance agency in taihape that just happens to sell nzi policies. like helen clark blaming her crown driver for speeding after instructing her press secretary to tell him to do so.

  16. SJ Hawkins 16

    Kiwisaver bad now?

Recent Comments

Recent Posts

  • Prime Minister mourns passing of Dr Sir Ian Hassall
    Prime Minister Jacinda Ardern is mourning the passing of Dr Sir Ian Hassall, New Zealand’s first Children’s Commissioner and lifelong champion for children and children’s health. As a paediatrician Sir Ian contributed to a major world-first cot death study that has been directly credited with reducing cot deaths in New ...
    BeehiveBy beehive.govt.nz
    1 hour ago
  • APEC structural reform meeting a success
    APEC ministers have agreed working together will be crucial to ensure economies recover from the impact of COVID-19. Minister of Commerce and Consumer Affairs David Clark, chaired the virtual APEC Structural Reform Ministerial Meeting today which revolved around the overarching theme of promoting balanced, inclusive, sustainable, innovative and secure growth ...
    BeehiveBy beehive.govt.nz
    4 hours ago
  • Digital hub to boost investment in forestry
    A new website has been launched at Fieldays to support the forestry sector find the information it needs to plant, grow and manage trees, and to encourage investment across the wider industry. Forestry Minister Stuart Nash says the new Canopy website is tailored for farmers, iwi and other forestry interests, ...
    BeehiveBy beehive.govt.nz
    5 hours ago
  • Government continues support for rangatahi to get into employment, education and training
    Over 230 rangatahi are set to benefit from further funding through four new He Poutama Rangatahi programmes, Minister for Social Development and Employment Carmel Sepuloni announced today. “We’re continuing to secure our economic recovery from COVID by investing in opportunities for rangatahi to get into meaningful employment, education or training ...
    BeehiveBy beehive.govt.nz
    6 hours ago
  • NCEA subjects up for consultation
    The education sector, students, their parents, whānau and communities are invited to share their thoughts on a list of proposed NCEA subjects released today, Education Minister Chris Hipkins says. This is a significant part of the Government’s NCEA Change Programme that commenced in 2020 and will be largely implemented by ...
    BeehiveBy beehive.govt.nz
    8 hours ago
  • Major investment in plantain forage programme aims to improve freshwater quality
    The Government is backing a major programme investigating plantain’s potential to help farmers protect waterways and improve freshwater quality, Acting Agriculture Minister Meka Whaitiri announced at Fieldays today. The Sustainable Food and Fibre Futures (SFFF) fund is contributing $8.98 million to the $22.23 million seven-year programme, which aims to deliver ...
    BeehiveBy beehive.govt.nz
    8 hours ago
  • America’s Cup decision
    The Minister responsible for the America’s Cup has confirmed the joint Crown-Auckland Council offer to host the next regatta has been declined by the Board of Team New Zealand. “The exclusive period of negotiation between the Crown, Auckland Council, and Team New Zealand ends tomorrow, 17 June,” said Stuart Nash. ...
    BeehiveBy beehive.govt.nz
    9 hours ago
  • Food and fibres sector making significant strides towards New Zealand’s economic recovery
    The Government is backing the food and fibres sector to lead New Zealand's economic recovery from COVID-19 with targeted investments as part of its Fit for a Better World roadmap, Forestry Minister Stuart Nash said. “To drive New Zealand’s recovery, we launched the Fit for a Better World – Accelerating ...
    BeehiveBy beehive.govt.nz
    10 hours ago
  • Cost of Government Southern Response proactive package released
    The Government has announced the proactive package for some Southern Response policyholders could cost $313 million if all those eligible apply. In December, the Minister Responsible for the Earthquake Commission, David Clark announced a proactive package for SRES claimants who settled their claims before October 2014. It trailed the judgment ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • New support to reduce emissions from public building and construction projects
    Government agencies are getting new support to reduce carbon emissions generated by construction of new buildings, with the release of practical guidance to shape decisions on public projects. The Ministers for Building and Construction and for Economic Development say a new Procurement Guide will help government agencies, private sector suppliers, ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • He Whenua Taurikura: New Zealand’s first Hui on Countering Terrorism and Violent Extremism
    The Prime Minister has opened New Zealand’s first hui on Countering Terrorism and Violent Extremism, which is being held in Christchurch over the next two days. The hui delivers on one of the recommendations from the report of the Royal Commission of Inquiry into the terrorist attack on Christchurch masjidain ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Speech to inaugural Countering Terrorism Hui
    E aku nui, e aku rahi, Te whaka-kanohi mai o rātou mā, Ru-ruku-tia i runga i te ngākau whakapono, Ru-ruku-tia i runga i te ngākau aroha, Waitaha, Ngāti Mamoe, Ngai Tahu, nāu rā te reo pohiri. Tena tātou katoa. Ki te kotahi te kakaho ka whati, ki te kapuia, e ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Campaign shines a light on elder abuse
    A new campaign is shining a spotlight on elder abuse, and urging people to protect older New Zealanders. Launched on World Elder Abuse Awareness Day, the Office for Seniors’ campaign encourages friends, whānau and neighbours to look for the signs of abuse, which is often hidden in plain sight. “Research suggests ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Farewelling sports administrator and philanthropist Sir Eion Edgar
    Sport and Recreation Minister Grant Robertson today expressed his sorrow at the passing of Sir Eion Edgar – a leading sports administrator and celebrated philanthropist who has made a significant impact both within and beyond the sport sector. “Sir Eion’s energy, drive and generosity has been truly immense. He leaves ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government to apologise for Dawn Raids
    The Government will make a formal apology for the wrongs committed during the Dawn Raids of the 1970’s. Between 1974 and 1976, a series of rigorous immigration enforcement policies were carried out that resulted in targeted raids on the homes of Pacific families. The raids to find, convict and deport overstayers ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Humanitarian support for Bangladesh and Myanmar
    Foreign Affairs Minister Nanaia Mahuta today announced that New Zealand is providing NZ $8.25 million in humanitarian assistance to support refugees and their host populations in Bangladesh and to support humanitarian need of internally displaced and conflict affected people in Myanmar.  “Nearly four years after 900,000 Rohingya crossed the border ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Poroporoaki: Dame Georgina Kamiria Kirby
    E Te Kōkō Tangiwai, Te Tuhi Mareikura, Te Kākākura Pokai kua riro i a matou. He toka tū moana ākinga ā tai, ākinga ā hau, ākinga ā ngaru tūātea.  Haere atu rā ki te mūrau a te tini, ki te wenerau a te mano.  E tae koe ki ngā rire ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Feedback sought on future of housing and urban development
    New Zealanders are encouraged to have their say on a long-term vision for housing and urban development to guide future work, the Housing Minister Megan Woods has announced. Consultation starts today on a Government Policy Statement on Housing and Urban Development (GPS-HUD), which will support the long-term direction of Aotearoa ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Clean car package to drive down emissions
    New rebates for electric and plug-in hybrid vehicles start July 1 with up to $8,625 for new vehicles and $3,450 for used. Electric vehicle chargers now available every 75km along most state highways to give Kiwis confidence. Low Emission Transport Fund will have nearly four times the funding by 2023 ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Progress towards simpler process for changing sex on birth certificates
    The Government is taking the next step to support transgender, non-binary and intersex New Zealanders, by progressing the Births, Deaths, Marriages and Relationships Registration Bill, Minister of Internal Affairs, Jan Tinetti announced today. “This Government understands that self-identification is a significant issue for transgender, non-binary and intersex New Zealanders, and ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Crown speeds up engagement with takutai moana applicants
    The Crown is taking a new approach to takutai moana applications to give all applicants an opportunity to engage with the Crown and better support the Māori-Crown relationship, Treaty of Waitangi Negotiations Minister Andrew Little says. Following discussions with applicant groups, the Crown has reviewed the existing takutai moana application ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Alcohol and Other Drug Treatment (AODT) Court opens
    The Minister of Justice, Kris Faafoi, and the Minister for Courts, Aupito William Sio, have welcomed the opening of a new Alcohol and Other Drug Treatment (AODT) Court in Hamilton. The AODT Court (Te Whare Whakapiki Wairua) addresses situations where substance abuse and offending are intertwined. “New Zealanders have told ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • EU and UK FTAs top of list for first ministerial trip since COVID-19
    Trade and Export Growth Minister Damien O’Connor today announced details of his planned visit to the United Kingdom and European Union next week, where he will hold trade and agriculture discussions to further New Zealand’s economic recovery from COVID-19. The visit will add political weight to ongoing negotiations with both the EU ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Arihia Bennett to chair Royal Commission Ministerial Advisory Group
    Te Rūnanga o Ngāi Tahu chief executive Arihia Bennett MNZM has been appointed chair of the newly appointed Ministerial Advisory Group on the Government’s Response to the Royal Commission of Inquiry into the terrorist attack on Christchurch mosques. “Twenty-eight people from diverse backgrounds across Aotearoa have been selected for the ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Speech to the New Zealand Medical Association General Practitioners' Conference, Rotorua
    Ki ngā pou maha o te whare hauora o Aotearoa, kei te mihiTo the pillars of our health system I acknowledge/thank you Ki te ope hapai hauora o roto o tēnei rūma, kei te mihi To our health force here in the room today, I acknowledge/thank you He taura tangata, ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Karangahape Road upgrades are streets ahead
    The upgrades to Karangahape Road makes the iconic street more pedestrian and cycle-friendly, attractive and environmentally sustainable, Transport Minister Michael Wood and Auckland Mayor Phil Goff said at the formal celebration of the completion of the Karangahape Road Enhancements project. The project included widening footpaths supporting a better outdoor dining ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Speech to APEC business event
    E ngā tumu herenga waka, ākina ā ngaru, ākina ā tai ka whakatere ngā waka ki te whakapapa pounamu, otirā, ki Tamaki o ngā waka Tena koutou katoa… To the great leaders assembled, who guided your waka through turbulent times, challenging waters and you continue to navigate your respective waka ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Pause on Quarantine Free Travel with Victoria extended
    Following an assessment of the COVID-19 outbreak in greater Melbourne, New Zealand’s Quarantine Free Travel pause with Victoria will continue for a further seven days, COVID-19 Response Minister Chris Hipkins says. There are now 93 cases associated with the outbreak in greater Melbourne, spread over four clusters. Contact tracing efforts ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Supplier Diversity Aotearoa Summit: Navigate 2021
    *** Check with delivery *** A mihi to all who have contributed to making today a success – starting with you! As you have explored and navigated government procurement today you will hopefully have reflected on the journey of our people so far – and how you can make a ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Pukemiro School to close
    Pukemiro Primary School near Huntly will close following years of declining roll numbers, Education Minister Chris Hipkins announced today. “I’ve consulted with the School Commissioner, and this decision acknowledges the fact that the few remaining students from last term are now settled at other nearby schools. “I want to thank ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Govt acts to protect NZers from harmful content
    New Zealanders will be better protected from harmful or illegal content as a result of work to design a modern, flexible and coherent regulatory framework, Minister of Internal Affairs Jan Tinetti announced today. New Zealand currently has a content regulatory system that is comprised of six different arrangements covering some ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Consultation on exemption of new builds from proposed tax rules
    The Government has today confirmed new builds will be exempt from planned changes to the tax treatment of residential investment property.  Public consultation is now open on details of the proposals, which stop interest deductions being claimed for residential investment properties other than new builds.   “The Government’s goal is to ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Speech for Predator Free 2050 Conference
    Introduction E ngā mana E ngā reo E ngā iwi Tēnā koutou katoa   Ka huri ki ngā mana whenua o te rohe nei. Tēnā koutou He mihi hoki ki a tatou kua tau mai nei i raro i te kaupapa o te rā Ko Ayesha Verrall toku ingoa No ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • New stock exchange to help grow small businesses
    A new share trading market, designed as a gateway to the NZX for small-to-medium-sized enterprises (SMEs), has been granted a licence by the Government. Commerce and Consumer Affairs Minister, David Clark said Catalist Markets Ltd will provide a simpler and more affordable ‘stepping stone’ for SMEs to raise capital. “This ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Visa extensions provide certainty to employers and 10,000 visa holders
    Changes to onshore visas will provide employers and visa holders with more certainty, Immigration Minister Kris Faafoi has announced. Around 10,000 Working Holiday visas and Supplementary Seasonal Employment (SSE) work visas due to expire between 21 June 2021 and 31 December 2021 will be extended for another six months to ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Border class exceptions approved for more farm workers and vets
    The Government has approved border class exceptions for an additional 200 dairy workers and 50 veterinarians to enter New Zealand, Agriculture Minister Damien O’Connor announced today.  “It is clear from conversations with the dairy and veterinarian sectors that they are facing workforce pressures. These border exceptions will go a long ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • More freezers and South Island hub to support vaccine roll-out
    A South Island hub and 17 new ultra-low temperature freezers will help further prepare New Zealand for the ramp up of the vaccination programme in the second half of this year, COVID-19 Response Minister Chris Hipkins says. The new freezers arrived in New Zealand on 27 May. They’re currently being ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Speech at the release of Climate Change Commission's final advice
    Good morning – and thank you Prime Minister. Over the last three and half years we have been putting in place the foundations for a low-carbon Aotearoa that will be a catalyst for job creation, innovation, and prosperity for decades to come. In that future, many of our everyday tasks ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Achievable blueprint for addressing climate change released
    Report says Government making good progress on emissions reduction, but more action required Meeting climate targets achievable and affordable with existing technology Economic cost of delaying action higher than taking action now Benefits from climate action include health improvements and lower energy bills All Ministers to help meet climate targets ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Speech to release of Climate Commission final report
    A few years ago in a speech in Auckland, I compared climate change to the nuclear free movement of roughly four decades ago. And I did so for a few reasons. Firstly, because the movement of the 1980s represented a life or death situation for the Pacific, and so does ...
    BeehiveBy beehive.govt.nz
    1 week ago