10 Jun 2012

NZers want cross-party discussion on super costs - survey

10:01 pm on 10 June 2012

A new survey shows 80% of New Zealanders want political parties to hold discussions on future superannuation costs.

The Horizon Research survey was commissioned by the Financial Services Council, which represents the savings industry.

It asked 2500 people whether they supported political parties in Parliament entering into talks on how New Zealand can provide secure retirement income in the future.

Forty-seven percent said they strongly support multi-party talks on the subject, a third merely supported them.

Less than 2% oppose the idea.

Prime Minister, John Key, last month rejected Labour leader David Shearer's invitation for cross-party talks on super.

The Financial Services Council, which next week will unveil a plan for how it thinks future super costs should be paid for, says taxes will need to rise by 28% by the end of the century if current super entitlements are retained.