The wisdom of increasing compulsory super next July is not the only reason the Retirement Income Review was eagerly anticipated, but it certainly added fuel to the fire.
Set out below are the latest guides that relate to government reviews of superannuation.
As we see the dawn of a new government, we asked some of Australia’s top experts in superannuation and retirement planning what they think the government should be focusing on.
It’s quite a challenge to succinctly summarise the 233,117 words of the Retirement Income Review, and the report itself will be dwarfed by the coverage it receives in the coming weeks, months and years.
The final report from the Royal Commission is likely to result in major change for the superannuation industry – both for super fund members and for trustees and executives managing the large super funds.
Australia’s current super system is “harming millions of members” through underperforming funds, multiple accounts and excessive fees.