Michael Littlewood, director of the Retirement Policy and Research Centre at Auckland University, said he questioned the need to renew the agreements with the default providers.
"By then, most New Zealand employees will be KiwiSaver members and auto-enrolment will be unnecessary."
One usually never fails to be amused by such plonkers from academia when they spout forth. For example, the estimable Mr Spoonley with his race-baiting rants from the towers provides top class regular entertainment. At least this one does admit a pecuniary interest being a director of a non-default provider.
However I do take issue with his "... New Zealand employees will be KiwiSaver members and auto-enrolment will be unnecessary ...". I would hazard a guess that many employees, like myself, will never join KiwiSlaver no matter what bribes are offered. It's like turning up at the WINZ office for a fortnightly handout. Something I wish never stoop to.
But I do wonder if the nice Mr Key is about to change the KiwiSlaver rules? So that all employees will be made compulsory members in 2014. The spewing forth from the ivory tower of one without skin in the game may have inadvertently given things away.