Tamsyn ParkerBusiness Editor·NZ Herald·24 Jun, 2026 05:00 AM3 mins to read‌Is compulsory saving the key to closing the wealth gap with Australia? Liam Dann and Tamsyn Parker break down what it would mean for workers, businesses and future retirees.Could compulsory KiwiSaver be the key to New Zealand closing the wealth gap with Australia?Australia’s superannuation scheme is worth A$4.43 trillion ($5.4t), driven by mandatory employer contributions, which came into force in 1992.

New Zealand’s KiwiSaver was launched in July 2007 and has around $136.4 billion invested in it