I wasn't making an explicit comments about superannuation and retirement planning. So far - i have touched on education, health and infrastructure policies.
In regards to interest payments as commonly referred 'budget crisis', there is NO such thing. I can tell you that there is quite a strong support for Australian govt issued paper in international capital markets. We have a few returning customers as committed buyers with deep pockets! Very-very deep pockets!
As for the super changes - i am more worried about the rights of the consumers of financial products and the safety of those products than the extension of the period i.e., retirement age.
The government hasn't made any decision about the changes in investments to super, only about the retirement age that the pension can be accessed.
Can't comment on anything that hasn't been proposed and made public.
About annuities - they are as 'safe' as any other financial product, they have been known to fail.
