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Sharesies Co-CEO: Nat's Kiwisaver policy could compromise the schemes initial purpose

Author
Newstalk ZB,
Publish Date
Tue, 18 Jul 2023, 7:17AM
(Photo \ iStock)
(Photo \ iStock)

Sharesies Co-CEO: Nat's Kiwisaver policy could compromise the schemes initial purpose

Author
Newstalk ZB,
Publish Date
Tue, 18 Jul 2023, 7:17AM

Investing platform, Sharesies, isn't a fan of National's new Kiwisaver policy.

National's pledging to let under-30s dip into their fund for a tenancy bond.

Money would transfer directly from their savings to Tenancy Services, returned at the end, or transferred to the next rental arrangement.

Sharesies Co-Chief Executive, Leighton Roberts, told Kate Hawkesby that Kiwisaver's main goal is to save for retirement, and secondary purpose is for first-home buying.

He says at the moment we aren't achieving good outcomes on either, so adding additional factors that could compromise either isn't the right move.

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