A comment on the explosive election issue of Superannuation
There are few, if any, certainties in life. Nevertheless, I am willing to put significant money on the real possibility that the September Federal Election will be decided by the votes of the rapidly growing ranks of Seniors, many of whom are not happy chappies.
Right now, there are a number of issues that will determine where the Oldies vote will go. One is the desperate shortage of Age Friendly Housing, while another is the blatant discrimination against Seniors who want to stay in the workforce or return to it. However, the most powerful one is the uncertainty and complexity of Superannuation, combined with the poor financial returns that come from it.
Let me lead you through a chat about my view of the basic principles of how a good National Superannuation Program could best be run, without commenting on any details of the complex legislation that has grown-up around it so ridiculously in Australia over two decades. Continue reading “Is Super very Super?”