By Wiki there is over 500 super funds in Australia and close to...

  1. 2,858 Posts.
    By Wiki there is over 500 super funds in Australia and close to 600, 000 SMFS.
    Over 50 % retirees, still after 29 years of introducing super relying 100% on government pension.
    Combine 500 supers to 50, billions of saving,
    SMFS with less than million cancelled-transfered . ( over 60% funds smaller balance than $ 1 million))
    50% of retirees no super, just collect pension ( I read statistics even in 2050 it will still 40% relying 100% on government).

 
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