Pie Funds' Ana-Marie Lockyer backs compulsory KiwiSaver, Kernel's Dean Anderson disagrees. Watch the GRTV debate on contribution rates, Total Rem and the baby bonus.
Fund manager CEOs split on KiwiSaver compulsion as election issue heats up.
KiwiSaver has moved to the centre of this year's election campaign, and two fund manager chief executives don't agree on the biggest question of all: should it be compulsory?
Speaking to Good Returns TV, Pie Funds' Ana-Marie Lockyer said she backs compulsion, provided it comes with protections for low-income earners and those facing hardship.
"KiwiSaver's 20 years old now, and we're ready for a universal retirement savings scheme in New Zealand," she said.
Kernel's Dean Anderson disagrees entirely. He pointed to data showing roughly 70% of employed New Zealanders already contribute to KiwiSaver — rising to 90% of those earning over $50,000 — arguing the scheme already has strong voluntary uptake.
His bigger concern is the people compulsion wouldn't help: those who need their money today rather than locked away for retirement.
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