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KiwiSaver providers say retirement settings will have to be addressed at some point.

KiwiSaver providers say the government might have made the decision to make retirement settings an election issue, rather than a Budget one - but they will have to be addressed at some point.

It was reported on Thursday that Finance Minister Nicola Willis acknowledged that New Zealand's superannuation system would need to be changed.

Speaking to the issue in the Budget lock-up, Willis said she wanted to "dwell on it" given the size of the problem.