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Yet another competition has arisen between Australia and New Zealand.\xa0

KiwiSaver is underperforming, with only a 6% contribution rate in comparison to the 11% contribution rate to Australia\u2019s Super System.\xa0

Simplicity Founder, Sam Stubbs, told Mike Hosking that politicians tend to think in the short term when it comes to KiwiSaver.\xa0

He said that they might be worried that if they make KiwiSaver compulsory or increase contributions, it takes money away from people and makes them less likely to vote for them.\xa0

Stubbs said they don\u2019t see the long-term impact on infrastructure and the economy that super funds can have.\xa0

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