RB, these efforts are being coordinated......
The Henry review contains just such despicable plans, as usual hidden in plain view by the use of language.....
excerpt from a Money Morning article from last year
"Anyway, two actuarial boffins, Professor Michael Sherris and Associate Professor John Evans (remember that Professor is a job title not a qualification) have concluded that:
It is difficult to see how the private sector could develop efficiently priced annuities that would be attractive to retirees a public sector solution is likely to be the most efficient, provided the annuitisation is compulsory.
Money Morning reader Robert drew our attention to the comments. The comments were in a report commissioned by Australias most dangerous and powerful man treasury secretary Emperor Ken Henry.
You can download the full document here.
You know what they say about commissioning reports, dont do it unless you know the outcome.
Is it really possible that Ken Henry and his cronies would commission a report on compulsory annuities unless it was high up on the list of priorities?
full article
http://www.moneymorning.com.au/20091210/superannuation-spent-in-copenhagen.html
compulsory reading for those with super
anyone know of super funds which provide a gold or PM option?
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