NZ First to make Kiwisaver compulsory, buy BNZ back as Peters takes swipes at ‘neo-liberal’ twits

SS: Winston Peters, leader of the New Zealand First Party, has announced two major policies. The nationalisation of the Bank of New Zealand (currently owned by an Australian bank) and KiwiSaver changes.

KiwiSaver is effectively our 401k. It’s currently optional but encouraged. They’re also proposing to give people a $1000 NZD contribution at birth.

They also reiterated their retirement policy. “No government with New Zealand First will touch our seniors’ superannuation. There will no means testing, no eligibility age increase, no indexing.”

Seniors make up NZF’s largest voting bloc and they’ve worked heavily with advocacy groups like the Grey Power Federation, in the past, to formulate policy.