stevenwardill I remember, as many would, the Liberals fighting tooth and nail to stop the introduction of compulsory superannuation, it's Labors baby.
stevenwardill Australia had good super to rely on. Came in the form of extra 7.5% tax to fund pensions going forward in the 1940's. When it got too big for the Govt. to manage it was then put into general revenue with Govt's accusing retiree's of being leaners instead of lifters
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Australians could be $533,000 better off in retirement | Sky News AustraliaAustralians could be up to $533,000 better off in retirement under a proposal to weed out under-performing superannuation funds. \n\nUnder a Productivity Commission plan due to be released on Thursday, regulators would be forced to focus on the interests of consumers, crack down on multiple account holders and include an official ‘Best in Show’ list of the top 10 performing funds. \n\nThe changes could boost retirement balances by an average of $166,000 per person. \n\n\n\n\n PeterGleeson63 The fees are wild: Australian Super charges you something like 140 per annum just for owning government bonds, literally *the* ultimate hands-off investment and they have the nerve to extort and gatekeep customers like that.
Source: SkyNewsAust - 🏆 7. / 78 Read more »