how much is enough?, page-40

The concept of compulsory superannuation in Australia is very sound.
Unfortunately it has been highjacked.

It has created its own set of vultures.
The Super. funds fees and charges to begin.
Fees charged as a % of capital invested is wrong.
On going fees for long term investments is wrong.

Leave an amount lay dormant in a fund and see how long it takes for the fund to consume the total balance in fees.

The reason it will be consumed is the charges are greater than the income derived from their investment decisions.

How many achieve above average returns on investment?

Then you have the compliance costs.
Individuals and business's file tax returns each year without the need to be audited.
Why do SMSF's need the expense of being audited each year?

This requirement at the behest of the Super. "Industry".
An attempt to quell the number of people that set up their own fund.
Despite this the number of SMSF's are still growing each year.
Why?
Super funds should be investing in our infrastructure projects.
Better roads, rail and ports.

This would give a better Australia, and most importantly a better outcome for all Superannuants.
Cheers,
Mickph