Compulsory KiwiSaver – is this the beginning of the end for universal super?

Compulsory KiwiSaver – is this the beginning of the end for universal super? <!--mynz:youtube-chapters--> {"v":1,"chapters":[{"timeSeconds":0,"label":"Introduction to Compulsory KiwiSaver","summary":"The video begins by introducing the topic of compulsory KiwiSaver and its potential impact on universal superannuation. It questions whether this could be the beginning of the end for universal superannuation for those over 65."},{"timeSeconds":18,"label":"National's Compulsory KiwiSaver Proposal","summary":"Herald Business Commentator Fran O'Sullivan discusses National's proposal for compulsory KiwiSaver. She notes that the party has been advocating for this for some time, with the Prime Minister also referencing it."},{"timeSeconds":37,"label":"Newspaper Supplement on KiwiSaver","summary":"The discussion shifts to a newspaper supplement that was released, featuring articles on KiwiSaver. The supplement includes commentary on the cost of living and how KiwiSaver is being used."},{"timeSeconds":56,"label":"National Promises Compulsory KiwiSaver","summary":"The video highlights that National has promised compulsory KiwiSaver, with Fran O'Sullivan noting that this policy has been a point of criticism for the current government."},{"timeSeconds":124,"label":"Investment Strategy and Returns","summary":"Sam Stubbs, Managing Director of Simplicity, explains the investment strategy for KiwiSaver funds. He mentions that they have had successful ventures and are on track to meet their investment goals."},{"timeSeconds":207,"label":"Affordability and Government Contributions","summary":"The discussion turns to affordability, with National expecting to generate significant revenue by taxing employer contributions to KiwiSaver. This contrasts with Australia's system where employee contributions are not taxed."},{"timeSeconds":311,"label":"Challenges for Small Businesses","summary":"The conversation touches upon the challenges faced by small businesses, which have been impacted by inflation and are struggling to manage costs. This makes it difficult for them to contribute to employee KiwiSaver schemes."},{"timeSeconds":413,"label":"May Results: Profits Up, Sales Tough","summary":"The video discusses the May financial results, noting that profits are up but sales are tough. This is attributed to rising construction costs and a general slowdown in the market."}]} <!--/mynz:youtube-chapters-->