The Financial Services Council is backing National’s KiwiSaver overhaul, saying it’ll boost long-term savings.

Plans include lifting contribution rates to 12%, making the scheme compulsory, and enrolling Kiwis at birth with a $1500 kickstart — plus extending support for parents and over-65s.

Financial Services Council Chief Executive Kirk Hope joins Kerre Woodham to discuss the changes, and the effect it will have on Kiwis going forward. 

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The Financial Services Council is backing National’s KiwiSaver overhaul, saying it’ll boost long-term savings.
Plans include lifting contribution rates to 12%, making the scheme compulsory, and enrolling Kiwis at birth with a $1500 kickstart — plus extending support for parents and over-65s.
Financial Services Council Chief Executive Kirk Hope joins Kerre Woodham to discuss the changes, and the effect it will have on Kiwis going forward.&nbsp;
LISTEN ABOVE

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Kirk Hope: Financial Services Council Chief Executive backs National's Kiwisaver overhaul

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e7637e44-99ab-43ce-b1d9-b4710011278a/transcript