NEW ZEALAND - The country's First Party has warned the National Party and Labour Party to prepare to lift superannuation levels to 68% of the national average wage after the next election, following the two other major parties reportedly agreeing to retain the current 66% level.
Winston Peters, NZ First Party leader, said 66% was still too little for a large number of the elderly who had little or no other income and faced soaring living costs. He commented: "With infl...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
