2 Mar 2020

Govt 'virtue-signalling' on KiwiSaver changes - National Party

From Morning Report, 7:47 am on 2 March 2020

The Government's being accused of 'virtue-signalling' after banning KiwiSaver default funds from investing in fossil fuel companies.

A number of changes will be made to how the default funds are run - including the new ban.

People get a default provider when they don't actively choose a KiwiSaver fund with nearly 700,000 people in that position.

The Commerce Minister Kris Faafoi says the ban is in line with other government policy introduced to fight climate change, but National says it's just window dressing.

RNZ's political editor Jane Patterson has the story.