(For an expanded version of this article see also “The Superannuation Revolution”)

Australia owes a huge debt of gratitude to Paul Keating.

He established compulsory superannuation two decades ago despite a hostile Opposition that declared it to be a step towards socialism.

A few weeks ago, I chaired a Per Capita meeting in Sydney at which Keating reminded the capacity crowd that the original intention of his superannuation legislation was for everyone to accumulate as much Super as possible thereby ensuring that, in all of our retirement years, we could enjoy a lifestyle better than that which is the lot of someone on the age pension. Continue reading “THE USE AND ABUSE OF SUPERANNUATION”