From New Zealand First <[email protected]>
Subject BREAKING: Buying back BNZ and the KiwiSaver Generation
Date May 17, 2026 5:30 AM
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Friend, did you hear our latest announcements?

Today, New Zealand First Leader Rt Hon Winston Peters <[link removed]> announced two new campaign policies at a public meeting in West Auckland, leading up to the 2026 Election.



The KiwiSaver Generation

New Zealand First is going to make KiwiSaver enrolment compulsory at birth <[link removed]> and there will be an automatic immediate Crown contribution of $1000 for New Zealand citizens only.

This is a once-per-lifetime investment that compounds for decades, the start of a nest egg for what we will call the “KiwiSaver Generation”.

Universal birth enrolment will ensure every child begins their financial life as a KiwiSaver member, with a meaningful balance already growing on their behalf.

Alongside our previous policy announcement of compulsory KiwiSaver enrolment for the wider workforce and increased employee and employer contributions, New Zealand First is the only party that is looking to the future, protecting our country and our people, and putting our interests first.

Establishing membership from day one and normalising savings as a lifelong habit ensures that no New Zealander enters adulthood without a savings foundation already in place.

It is just plain common sense.



Buying Back BNZ

We also announced that New Zealand First is proposing a buy-back of the Bank of New Zealand <[link removed]> from National Australia Bank.

It will be merged with Kiwibank to form the “National Bank of New Zealand (NBNZ)” – a fully Crown owned, commercially run, systemically significant domestic bank with the scale to genuinely compete with ANZ, ASB and Westpac. 

Established in 2002, Kiwibank is the only domestically owned bank of any scale, but remains a marginal player after two decades. Successive governments have starved it of the capital it would need to be a genuine system-shaping competitor.

The “National Bank of New Zealand” would exist as a fully commercial bank with a Crown shareholder, and keep the major Australian banks honest while keeping New Zealand banking profits in New Zealand.

New Zealand built BNZ. Labour and National sold it. Now we are going to buy it back. 

Every dollar of profit it makes will stay in this country, working for New Zealanders. 

That is what economic sovereignty looks like.

That is what real conservatism looks like.

That is what real Nationalism looks like.

We have already announced policies on reforming the energy sector and breaking up the supermarket duopolies. Now we have announced that we will create real competition in our foreign owned banking system, and we will look after the financial future of Kiwi kids by creating a "KiwiSaver Generation".

And there is much more to come.

Make sure you hear Winston’s full speech HERE <[link removed]>, or can you read it online HERE <[link removed]>.

Or read more detail about our policy announcements HERE. <[link removed]>



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