John Key, 26 May 2015:
“The removal of the $1,000 kick-start contribution will not make a blind bit of difference to the number of people who join KiwiSaver.”
KiwiSaver enrolments drop by half after National axes sign-up payment
…ANZ, which has a 26 per cent share of the KiwiSaver market, said that in the month since the measure had been announced, enrolments had dropped by “more than 50 per cent”.
More brilliant economic insight and management from Key and English. It’s not enough that suspending contributions has cut $17bn in value from the Super Fund, now the Nats are hard at work destroying any hint of a savings culture in NZ. Outstanding. (I/S at No Right Turn has some questions to keep an eye on.)