Michael Cullen's Tax Working Group has warned of unsustainable deficits without tax reform. He says an ageing population and the gig economy will blow out pension and health costs and cut tax revenues. Thomas Coughlan reports.
The Financial Services Council (FSC) proposed a package of savings policy reforms on Monday that it said would allow New Zealanders to retire with a private pension twice the size of NZ Super . Here's my briefing with the policy details, the key factoids, the pros and the cons and the political positioning.
The Financial Services Council (FSC) will propose a raft of measures at a conference on Monday to encourage savers to ramp up their KiwiSaver accounts so they can retire comfortably.