Investing platform, Sharesies, isn't a fan of National's new Kiwisaver policy.
National's pledging to let under-30s dip into their fund for a tenancy bond.
Money would transfer directly from their savings to Tenancy Services, returned at the end, or transferred to the next rental arrangement.
Sharesies Co-Chief Executive, Leighton Roberts, told Kate Hawkesby that Kiwisaver's main goal is to save for retirement, and secondary purpose is for first-home buying.
He says at the moment we aren't achieving good outcomes on either, so adding additional factors that could compromise either isn't the right move.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Special Summer Offer: Exclusively on Apple Podcasts, try our Dateline Premium subscription completely free for one month! With Dateline Premium, you get every episode ad-free plus exclusive bonus content.