Waiting for KiwiSaver’s next evolution

Waiting for KiwiSaver’s next evolution
Michael Cullen. (Image: Getty)
Paul McBeth
When Michael Cullen tabled the KiwiSaver bill in 2006, he heralded it as a “landmark in social and economic legislation”.The goal was simple: get people into a habit of saving to improve their lives once they hit retirement. When combined with his creation of the New Zealand Superannuation Fund to help cover the ballooning cost of the baby boomers’ pension bill, it was a pretty clear signal for those of a certain vintage that a universal pension probably wasn’t on the cards. At the time, Cullen’s KiwiSave...

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