The AFR View
Lack of advice remains super system’s diminished return
The super system has been focused on building up assets for members. Less so on creating the infrastructure to service customers in retirement.
Australia’s near-$4 trillion superannuation savings pool is one of the country’s historic public policy achievements, ensuring most Australians will have enough money for a dignified retirement.
But that achievement is at risk of diminishing if millions of retirees are not able to make the best use of their savings through lack of advice, education, transparency and efficiency in the system.
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