The investment and savings industry is delighted
with the makeup of the Superannuation 2000 Taskforce and the proposed terms of reference
announced by the Minister of Social Services.
"The ten members appointed by Government provide an
excellent balance of commercial and private interests. They also represent a broad cross
section of society. The terms of reference appear sufficiently wide to allow the Taskforce
to achieve the long term sustainable policies that we have been calling for," said Mr
Arkinstall, Chief Executive of the Investment Savings & Insurance Association.
"We encourage all political parties to put aside their
political differences to support the Taskforce and earnestly channel their energy towards
a multi-party policy that is sustainable and that we can all work with," said Mr
Arkinstall.
"We are encouraged that Government have clearly signalled
the strategic priority of savings in last weeks Budget Policy Statement 1999 and backed
that up with todays Taskforce announcement."
"Our research provides compelling evidence that New
Zealanders recognise the need to save but have lacked confidence in Government
superannuation policies to date. The Taskforce provides an opportunity to take politics
out of superannuation and to develop policies that provide direction and certainty. We
hope that all political parties will take up the invitation to participate in the
Superannuation 2000 Taskforce," said Mr Arkinstall.
"This issue is too important to allow it to continue to be a
political football," he said.
For further information contact:
Vance Arkinstall
Chief Executive
Investment Savings and Insurance Association
