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Nats Want To Improve KiwiSaver - English

Contributor:
Fuseworks Media
Fuseworks Media

The National Party confirmed today it won't drop the KiwiSaver scheme, which the Government says has now signed up nearly 500,000 people.

Finance Minister Michael Cullen said the first six-monthly evaluation report on KiwiSaver showed the take up had shattered initial expectations.

"It seems clear that KiwiSavers are drawn from right across income bands and ethnic groups," he said.

"We are also seeing more and more low and medium income workers joining...KiwiSaver is making it possible for more people to save than ever before."

National's finance spokesman, Bill English, told reporters his party's policy on KiwiSaver would be released closer to the election.

"We certainly won't be dropping KiwiSaver," he said.

"If you've got a scheme that's successful, that's a good thing. But we're looking at it to see how it's working.

"We're looking at all aspects of it to see where it can be improved to make it work better."

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