Features Australia

Super wasteful

Retirement savings are being frittered away on jobs for the boys

23 January 2021

9:00 AM

23 January 2021

9:00 AM

The claim that Australia’s system of compulsory superannuation is the envy of the world is routinely made.  But who is making the assertion? It is definitely the envy of the world for the super fund managers and the large group of hangers-on whose livelihoods depend on the system. For them, it’s a business model that doesn’t get much better.

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