This is an interesting article by Brian Toohey, a respected Australian financial journalist.
A school of thought in New Zealand has favoured the adoption of Australia’s compulsory superannuation regime. But Toohey writes:
To this day, there is still no detailed policy report showing that net economic and social gains flow from forcing employees to hand over a growing slice of their salary to the richly rewarded fund managers in the nation’s booming financial sector.
The union movement in Australia strongly backed the scheme (which has boosted union influence in Australian economic life). But Toohey writes:
Several younger union officials now say privately that they believe the majority of their members would be better off if compulsory super contributions were paid instead as a normal part of salaries, letting all employees decide how best to allocate their income over the course of their working life … Some older union officials like…
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Utopia, you are standing in it! 
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