Bill English like John Key isn’t keen to rip off the superannuation band-aid because he knows that making the hard decisions will be painful. The longer the superannuation problem is covered up the worse the infection underneath will become. As an economic whiz, Bill English knows it has to be done and the sooner he acts the better.
Andrew Little wants New Zealand’s Superfund boosted but he wants the retirement age of 65 to remain unchanged so he is not willing to face unpopular economic reality.
Ex -PM John Key pledged to resign if he ever changed superannuation entitlements. Now that he is gone Bill English has taken the pragmatic step of dropping Keys’ pledge to not increase the age of entitlement. Whether he will follow that up with action remains to be seen.