Steven Joyce: Former Finance Minister on the Treasury report and raising the age of Superannuation

A former Finance Minister's discussing the Superannuation age in the wake of an alarming Treasury report.  Treasury's long term fiscal statement notes the importance of responding to challenges with an ageing population.  It suggests the cost of NZ Super could be kept stable by steadily increasing the age of eligibility, requiring it to rise to 72, by 2065.  Steven Joyce told Kerre Woodham Superannuation policy gets more urgent every time it's left alone.  He believes the age should be getting gradually older as we live longer, and says he had a plan to lift it with 20 years notice before doing so.  LISTEN ABOVE  The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts. See omnystudio.com/listener for privacy information.