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Submitted by OzTrev on Tue, 10/27/2020 - 15:13

Compulsion has caused a trillion dollar plus Superannuation bonanza.

Of course, the investment wealth managers, the Labor unions, and the consolidators would enforce compulsion to ensure their ongoing percentage clip on this trillion dollar plus and growing savings pool.

Easy definite positive earnings for all of the above irrespective of the volatility and vagaries of the market place.

What is really needed that the anomalies in the Australian Retirement environment are removed in the qualification for the welfare dollar provided Age Pension such as total wealth including the family home taken into consideration, simultaneously removing the rental assistance as all this does is props up and distorts property values on the welfare dollar.

Then and only then will all members in Superannuation actually realise the importance of saving for their retirement years.

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