Quote Originally Posted by SBQ View Post
The reason is the FIF is suppose to regulate individuals away from doing direct investing and channeling them through to invest in local, NZ funds ; after all (and correct me if i'm wrong) it was Bill English that formulated the Kiwi Saver and introduced the FIF tax laws in order to get Kiwi Saver going.
OK - I'll correct you.
Labour introduced Kiwisaver in Dec 2007.
FIF rules came in the same year. I wasn't aware that they were linked.