'Beneficial over time': Financial Services Council backs National's Kiwisaver overhaul
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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.
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