about 1 hour ago
New Zealand First leader Winston Peters has announced a policy to automatically enrol all newborn New Zealand citizens into KiwiSaver with a $1000 government contribution, alongside a proposal to buy back the Bank of New Zealand and merge it with Kiwibank to create a new state-owned bank.
Speaking at a campaign event at the Trusts Arena in West Auckland on Sunday, Peters said the party would make KiwiSaver enrolment compulsory at birth for New Zealand citizens as part of what he called the "KiwiSaver Generation".
Speaking at a campaign event in West Auckland on Sunday, Peters said the party would make KiwiSaver enrolment compulsory at birth for New Zealand citizens as part of what he called the "KiwiSaver Generation".
Under the policy, each child would receive a one-off $1000 Crown contribution at birth.
