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	<title>Financial Standard Comments - Lack of income stream drags local retirement system: Report</title>
	<description>Australia's retirement system has received a B+ grade in a study of nearly 50 nations, with the lack of a compulsory retirement income stream being what holds it back.</description>
	<link>https://www.financialstandard.com.au/feed/latest?story=179801731</link>
	<lastBuildDate>Wed, 18 Oct 2023 13:41:37 +1100</lastBuildDate>
	<pubDate>Wed, 18 Oct 2023 13:41:37 +1100</pubDate>
	<language>en-AU</language>
	<copyright>Copyright 2026 Financial Standard</copyright>
	<ttl>5</ttl>
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		<title>Comment by Dusty Powter (Advice4Life)</title>
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<p><p>What a croc! How on earth would taking away members freedom to choose how they deal with &#39;THEIR&#39; own money in retirement possibly be a positive for our super system! This bs report smacks of massive conflicts of interest and should be tossed in the bin! Such a change would only benefit greedy product providers and authoritarian governments/bureaucrats bent on controlling every aspect of peoples lives who like to think it&#39;s their money and not the members! In the famous words of Daryl John Kerrigan &quot;tell em to get stuffed!&quot;</p>
<p>Superannuants have already voted on this by placing the vast majority of pension funds in products since forever that allow them maximum income and capital flexibility. If compulsory pension products are the &#39;best&#39; way then the public would choose them more often now from the many providers that offer them already! If we want a great super system then choice has to remain at the core of it. I would rate compulsory systems at the very bottom of any &#39;Super Index!&#39;</p></p><p><a href="">Reply to article</a></p><p>For original story, <a href="">Click Here.</a></p>
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		<dc:creator>Dusty Powter (Advice4Life)</dc:creator>
		<pubDate>Wed, 18 Oct 2023 13:41:37 +1100</pubDate>
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