Financial Services Council urges Government to phase out total remuneration packages for KiwiSaver
The Financial Services Council says if the Government eliminates total remuneration packages for KiwiSaver contributions, other employers will follow suit.
The Financial Services Council has launched its election manifesto with a call for the Government to phase out total remuneration packages, where employers deduct their KiwiSaver contributions from employees' total pay. The council chief executive argues that the Government, as the country's largest employer, is well-positioned to lead this change. He believes other employers will follow if the Government takes action.
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Convince the Government, the rest will follow, FSC says on KiwiSaver issue
If the Government can phase out total remuneration packages, the rest of the country will follow, Financial Services Council chief executive Kirk Hope has said. At the launch of the Financial Services Council (FSC) election manifesto on Thursday morning, Hope…