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

  • Predator Free apprenticeships open up new job opportunities
    The expansion of a predator free apprenticeship programme is an opportunity for more people to kick-start a conservation career, Conservation Minister Kiri Allan says. “The Predator Free Apprenticeship Programme is focused on increasing the number of skilled predator control operators in New Zealand through a two-year training programme. “The Trust ...
    BeehiveBy beehive.govt.nz
    1 hour ago
  • Further NCEA support confirmed for Auckland students
    The number of Learning Recognition Credits for senior secondary school students will be increased for Auckland students, Education Minister Chris Hipkins confirmed today. This recognises the extended time these students will spend in Alert Levels 3 and 4. “It means students in Auckland will have a fair opportunity to attain ...
    BeehiveBy beehive.govt.nz
    4 hours ago
  • Long-term pathway next step to better mental wellbeing for New Zealanders
    The Government is taking a new approach to support people who experience mental distress, Health Minister Andrew Little says. “Kia Manawanui Aotearoa – Long-term pathway to mental wellbeing (Kia Manawanui) is the first 10-year plan of its kind that targets the cause of mental distress and also sets out how ...
    BeehiveBy beehive.govt.nz
    6 hours ago
  • Keeping our Police safe to keep our communities safe
    The Government is committed to keeping our frontline police officers safe, so they in turn can keep New Zealanders safe – with one of the largest investments in frontline safety announced by Police Minister Poto Williams at the Police College today.   The $45 million investment includes $15.496 million in ...
    BeehiveBy beehive.govt.nz
    7 hours ago
  • Clean Vehicles Bill passes first checkpoint
    The Land Transport (Clean Vehicles) Amendment Bill will help New Zealand drive down transport emissions by cleaning up the light vehicle fleet, Transport Minister Michael Wood says. The Bill passed its first reading today and will establish the legislative framework for key parts of the Government’s Clean Car Package, including ...
    BeehiveBy beehive.govt.nz
    22 hours ago
  • Funding boost supports ongoing Māori COVID-19 response
    The Government is responding to the need by whānau Māori and Māori Health providers to support their ongoing work responding to COVID-19 and to continue increasing rates of Māori vaccination, Associate Minister for Health (Māori Health), Peeni Henare and Minister for Māori Development Willie Jackson announced today.   This increased ...
    BeehiveBy beehive.govt.nz
    24 hours ago
  • Significant increase to COVID-19 penalties
    Penalties for breaches of COVID-19 orders are set to significantly increase from early November 2021 to better reflect the seriousness of any behaviour that threatens New Zealand’s response to the virus, COVID-19 Response Minister Chris Hipkins said today. “Throughout this Delta outbreak we’ve seen the overwhelming majority of people doing ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Counter-Terrorism Legislation Bill returns to Parliament
    The Counter-Terrorism Legislation Bill has returned to Parliament for its second reading in an important step towards giving enforcement agencies greater power to protect New Zealanders from terrorist activity. “The Bill addresses longstanding gaps in our counter terrorism legislation that seek to protect New Zealanders and make us safer,” Justice ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Joint Statement: New Zealand and Australian Trade Ministers
    Hon Damien O'Connor MP, New Zealand Minister for Trade and Export Growth, and Hon Dan Tehan MP, Australian Minister for Trade, Tourism and Investment, met virtually on Monday 20 September to advance trans-Tasman cooperation under the Australia-New Zealand Closer Economic Relations Trade Agreement (CER). CER is one of the most ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Prime Minister’s Post Cabinet Press Conference/COVID-19 Update opening statement
    ***Please check against delivery***   E te tī, e te tā, nau mai rā [To all, I bid you welcome]   As you will have seen earlier, today there are 22 new community cases to report; three of which are in Whakatiwai in the Hauraki area, and the remainder in ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Major milestones for Māori COVID-19 vaccine rollout as new campaign launches
    Whānau Ora and Associate Health (Māori Health) Minister Peeni Henare acknowledges two major milestones in the rollout of the COVID-19 vaccination programme for Māori. “I am very pleased to announce more than 50 percent of eligible Māori have received their first dose and 25 per cent are now fully vaccinated,” ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government funding to fight infectious diseases
    $36 million for research into Covid-19 and other infectious diseases The investment will improve our readiness for future pandemics Research will focus on prevention, control, and management of infectious diseases The Government’s investing in a new Infectious Diseases Research Platform to boost Aotearoa New Zealand’s Covid-19 response and preparedness for ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Quarantine-free travel with Australia to remain suspended for a further 8 weeks
    Suspension to be reviewed again mid to late November Decision brought forward to enable access from Australia to first tranche of around 3000 rooms in MIQ Air New Zealand working at pace to put on more flights from Australia from October    The suspension of quarantine-free travel (QFT) with Australia has ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Extra support for Ethnic Communities to share vaccination information
    Extra support is being made available to Ethnic Communities to help them share COVID-19 vaccination information within their communities, Minister for Diversity, Inclusion and Ethnic Communities Priyanca Radhakrishnan said. “We know we need to get every eligible person in New Zealand vaccinated. A fund being launched today will allow for ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • School holidays remain unchanged for Auckland region
    School holidays in Auckland will continue to be held at the same time as the rest of the country, starting from Saturday, 2 October, Education Minister Chris Hipkins said today. “I’ve carefully considered advice on the implications of shifting the dates and concluded that on balance, maintaining the status quo ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Government continues crackdown on gangs and organised crime
    Operation Tauwhiro extended until March 2022 Since it was launched in February, Operation Tauwhiro has resulted in:   987 firearms seized $4.99 million in cash seized 865 people charged with a firearms-related offence Gangs and organised crime groups will continue to be relentlessly targeted with the extension of Police’s successful ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Speech to Body Positive 'HIV Treatments Update Seminar 2021'
    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. Nō reira tēnā koutou katoa Acknowledgements It’s a ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Power bill changes bring fairness to charges
    A key recommendation of an independent panel to make electricity charges fairer across all households will be put in place, the Energy and Resources Minister Megan Woods has announced. “Phasing out the regulations on ‘low-use’ electricity plans will create a fairer playing field for all New Zealanders and encourage a ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • NZ economy’s strong momentum will support rebound from Delta outbreak; COVID fund replenished
    The economy showed strong momentum in the period leading up to the recent Delta COVID-19 outbreak, which bodes well for a solid economic rebound, Grant Robertson said. GDP rose 2.8 percent in the June quarter, following on from a 1.4 percent increase in the previous March quarter. This was a ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Projects create benefits into the future
    Making a well-known lake swimmable and helping to halt the decline of the endangered hoiho/yellow-eyed penguins are among a suite of new projects being supported by the Government’s Jobs for Nature programme across the southern South Island, Conservation Minister Kiri Allan says. “It’s no secret that many of our most ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Opening statement for Whāriki Indigenous Small Business Roundtable
      Kei ngā tōpito e wha o te āo e rere ana te mihi maioha ki a koutou nō tawhiti, nō tata mai e tāpiri ana ki tēnei taumata kōrero mo te ao hokohoko arā mā ngā pākihi mo ngā iwi taketake Tēnā koutou, tēnā koutou katoa – Pai Mārire.  ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • New members appointed to Kāpuia
    The Government is adding four additional members to Kāpuia, the Ministerial Advisory Group on the Government’s Response to the Royal Commission of Inquiry into the terrorist attack on Christchurch mosques. “I’m looking forward to having Pamela MacNeill, Huia Bramley, Melani Anae and Katherine Dedo  join Kāpuia and contribute to this group’s ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Timeline confirmed for Emissions Reductions Plan
    Cabinet has agreed to begin consulting on the Emissions Reduction Plan in early October and require that the final plan be released by the end of May next year in line with the 2022 Budget, the Minister of Climate Change, James Shaw confirmed today. “Cabinet’s decision allows organisations and communities ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Pay parity pathway for early learning teachers confirmed
    Pay parity conditions and higher funding rates for education and care services will come into force on 1 January, 2022, Minister of Education Chris Hipkins confirmed today. The Government signalled this work in Budget 2021. “From 1 January, 2022, centres opting into the scheme will receive government funding and be ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Speech to the New Zealand Nurses Organisation Conference 2021
    Kia Ora tatau katoa.   Ka tuku mihi ki nga nēhi, He pou Hauora o Aotearoa, E ora ai tatou.   Whakatau mai  I runga i te kaupapa o te ra Te NZNO conference.   Tena koutou tena koutou Tena tatou katoa   Good morning, and thank you inviting me ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government investment in farmer-led catchment groups sweeps past 150 mark
    171 catchment groups have now been invested in by the Government 31 catchment groups in the Lower North Island are receiving new support More than 5,000 farmers are focussed on restoring freshwater within a generation through involvement in catchment groups  Government investment in on-the-ground efforts by farmers to improve land ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Fight to protect kauri on track
    The Government is pitching in to help vital work to protect nationally significant kauri forests in Auckland, Minister of Conservation Kiri Allan says. “Ensuring the survival of these iconic trees for future generations means doing everything we can to prevent the potential spread of kauri dieback disease,” Kiri Allan said. ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Joint statement of Mr Bernard Monk; Hon Andrew Little, Minister Responsible for Pike River Re-entry,...
    [Note: The Parties have agreed on terms to fully and finally settle the proceeding and will jointly issue the below statement.] At the heart of this litigation are the lives of the 29 men tragically lost at the Pike River mine on 19 November 2010 and to whom we pay ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • More financial support for businesses
    Today’s decision to keep Auckland in a higher COVID Alert Level triggers a third round of the Wage Subsidy Scheme which will open for applications at 9am this Friday. “The revenue test period for this payment will be the 14th to the 27th of September. A reminder that this is ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Aotearoa New Zealand provides further humanitarian support for Afghanistan
    Aotearoa New Zealand is providing a further $3 million in humanitarian assistance in Afghanistan, Foreign Minister Nanaia Mahuta announced today.  “There is significant humanitarian need in Afghanistan, with the crisis disproportionately affecting women and girls,” said Nanaia Mahuta. The UN has estimated that 80% of the quarter of a million ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Innovative te reo prediction tool announced in Te Wiki o Te Reo Māori
    A new Māori language prediction tool will play a key role in tracking our te reo Māori revitalisation efforts, Minister for Māori Development Willie Jackson announced today. He Ara Poutama mō te reo Māori (He Ara Poutama) can forecast the number of conversational and fluent speakers of te reo Māori ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Further Government support for people to access food and essential items
    The Government is responding to need for support in Auckland and has committed a further $10 million to help people access ongoing food and other essential items, Minister for Social Development Carmel Sepuloni announced today. This latest tranche is targeted at the Auckland region, helping providers and organisations to distribute ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Half a million Pfizer vaccines from Denmark
    The Government has secured an extra half a million doses of Pfizer COVID-19 vaccines from Denmark that will start arriving in New Zealand within days, Prime Minister Jacinda Ardern announced today. “This is the second and larger agreement the Government has entered into to purchase additional vaccines to meet the ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Inland Revenue providing essential COVID support for businesses
    Inland Revenue is seeing increased demand for Resurgence Support Payments and other assistance schemes that it administers, but is processing applications quickly, Revenue Minister David Parker said today. David Parker said the Resurgence Support Payment, the Small Business Cashflow (loan) Scheme and the Wage Subsidy are available at the same ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • New Zealand marks 20th anniversary of 9/11 attacks
    New Zealand is expressing unity with all victims, families and loved ones affected by the September 11 2001 terrorist attacks, and all terrorist attacks around the world since, including in New Zealand. “Saturday marks twenty years since the 9/11 terrorist attacks in the United States, which killed nearly 3,000 people ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Speech to SPREP Environment Ministers
    Talofa Honourable Ulu of Tokelau Faipule Kelihiano Kalolo Tēnā koutou katoa and warm Pacific greetings from Aotearoa to your excellencies, ladies and gentlemen. The new science released by the Intergovernmental Panel on Climate Change on 8 August paints an alarming picture of the projected impacts of climate change on the ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Additional Resurgence Support Payments to support business
    Businesses affected by higher Alert Levels will be able to apply for further Resurgence Support Payments (RSP). “The Government’s RSP was initially intended as a one-off payment to help businesses with their fixed costs, such as rent. Ministers have agreed to provide additional payments to recognise the effects of an ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • More Dawn Raids scholarships announced
    Details of the ‘Manaaki New Zealand Short Term Training Scholarships’, a goodwill gesture that follows the Government’s apology for the Dawn Raids of the 1970s, were released today by Pacific Peoples Minister Aupito William Sio. “These scholarships that are targeted to the Pacific will support the kaupapa of the Dawn Raids’ ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • One-way quarantine-free travel for RSE workers starting in October
      One-way quarantine-free travel for Recognised Seasonal Employer (RSE) workers from Samoa, Tonga and Vanuatu starts in October New requirement for RSE workers to have received their first vaccination pre-departure, undertake Day 0 and Day 5 tests, and complete a self-isolation period of seven days, pending a negative Day 5 ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Govt boosts Pacific suicide prevention support
    Applications have opened for the Pacific Suicide Prevention Community Fund as the Government acts to boost support amid the COVID delta outbreak. “We know strong and connected families and communities are the most important protective factor against suicide and this $900,000 fund will help to support this work,” Health Minister ...
    BeehiveBy beehive.govt.nz
    2 weeks ago