NZ First's Kiwi Saver fund plan moves ahead

New Zealand First leader Winston Peters' ambition of establishing a publicly-owned KiwiSaver fund has moved a step closer. NZ First MP Fletcher Tabuteau's Kiwi Fund Bill passed its first reading on Thursday. Should it go all the way, the bill will establish a working group to look at issues around the KiwiSaver industry including high fees, unethical investments and profiteering. It would also look at the viability of establishing a state-owned KiwiSaver provider carrying a government guarantee. Mr Tabuteau talks to Guyon Espiner.