NZ Herald 14 May 2018
Family First Comment: Good! And for good reason…
Investing in the pornography industry is the biggest worry for KiwiSaver members concerned about where their money is going – ranking ahead of weapons, gambling and tobacco, according to Consumer New Zealand research.
Consumer’s annual KiwiSaver survey asked people where they stand on certain industries and whether they knew if their KiwiSaver fund was invested in them.
While 77 per cent of those surveyed were concerned about their fund investing in the pornography industry, nearly two-thirds (64 per cent) said they had no idea if their fund did invest money in it.
Weapons (73%), gambling (70%) and tobacco (69%) were the next three largest areas of concern but people were similarly unsure as to whether their fund invested in these industries.
In 2016 a raft of KiwiSaver providers pulled out of investments in weapons makers including cluster bombs, landmines and nuclear weapons as well as tobacco after the New Zealand Herald and Radio New Zealand revealed the industry had millions of dollars invested in the controversial investments.
READ MORE: https://www.nzherald.co.nz/personal-finance/news/article.cfm?c_id=12&objectid=12050904