Australia’s super system is a national disgrace
by Alan Kohler
Published 6:52 AM, 31 Oct 2012
*** It doesn’t take more than a few moments of thought to understand that Australia’s superannuation system is not the paragon it’s cracked up to be.
Savers and retirees are fully exposed to both market and longevity risk, there is very little regulation around where the money should be invested and virtually no regulation of fees
http://www.businessspectator.com.au/bs.nsf/Article/Australia-super-fees-superannuation-retirement-mar-pd20121031-ZKR4U?OpenDocument&src=sph
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