[GRTV] KiwiSaver: a ticket to prosperity that politicians don’t get

Speaking to GRTV he says both parties' policies are disappointing tinkering around the edges.

“They don’t get that there is this huge pool of savings that will fund a whole lot of cool stuff around New Zealand.They’re not engaging with KiwiSaver managers and with KiwiSaver as a ticket to future prosperity.”

Stubbs says a plane with 12 billionaires each wanting to invest $10 billion in New Zealand would be met with a red carpet. “The top 12 KiwiSaver managers will invest something like $10 billion in New Zealand each, over the next 20 or 30 years. Do you think any politician could name two of them? I doubt it.”

Australia learned this a long time ago and has recycled its pension money into the economy, says Stubbs, but not enough KiwiSaver is invested in New Zealand because of the lack of opportunity.