Super for Members: A New Paradigm for Australia’s Retirement Income System
9 Pages Posted: 7 Oct 2010
Date Written: October 1, 2010
The Australian Super System Review (the Review) was established to assess whether Australia’s compulsory retirement saving system was working efficiently and in member interests. The broad-ranging Review looked at the underlying philosophy of a compulsory system that is almost entirely outsourced to the private sector. A key conclusion of the Review was that the system needs to be re-engineered to work more for the benefit of its members, and not vice versa. Reducing costs should be a top priority.
Keywords: Australia, MySuper, Pension Fund, Review, Superannuation, SuperStream
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