The major problem is now the ridiculous asset test for retirees. New Zealand has no income or asset test for retirees, with Kiwis happily working into their 70's, paying income tax, but not being penalised for saving, like here. The NZ system works well, not to mention saving taxpayers funds by not having to employ thousands of people [as they do in Canberra], paid to watch what your share portfolio is doing each day. If your investments do well here, you get massacred. Whereas if you invest all your spare savings & inheritances into a million dollar home, you can get the full aged pension. What a farce. If Labor was smart, they would introduce such a system as operates in New Zealand.