Coalition super plan to harm retirees, low income earnersBY ALICE URIBE | FRIDAY, 17 MAY 2013 9:45AMThe Coalition's announcement that they would delay the Superannuation Guarantee (SG) increase would see millions of Australians move into retirement with inadequate savings according to the Australian Institute of Superannuation Trustees (AIST). |
Editor's Choice
The top investment funds over the past year
The top-performing investment funds for the year ending March 31 have been announced, with all being ETFs focused on international equities.
AFCA finds more Dixon Advisory victims
The Australian Financial Complaints Authority added 544 more Dixon Advisory-specific victims to total 2492 complaints at the end of April, which will further exacerbate the levy financial advisers must pay.
Senior Cbus investment manager exits
Cbus' head of total portfolio management has left the fund, while a former JANA executive has joined its infrastructure team.
Quality of retirement does not depend on super balance: Bragg
The Senate Economics Committee has released its interim report into using super for housing.
Products
Featured Profile
Robert De Dominicis
CHIEF EXECUTIVE OFFICER
GBST HOLDINGS LIMITED
GBST HOLDINGS LIMITED
It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. Andrew McKean writes.
Wake up Australia and welcome to the new world of austerity. You have a choice of keeping your jobs and lifestyle or you can go down the English path of double dip recessions. All in the name of a budget surplus.
it will only harm your retirement if you don't take some personal responsibility for your retirement plans.
Such a Labor way of limiting contribution levels and taking away co contribution incentives while mandating super increases that are arranged on behalf of the workers by the boss. Its all got to be paid for by bosses and tax payers
9% - 12% should be the minimum. individuals should find another 5% in their own households to fund a decent retirement Take responsibility people !!!!! Dont expect others to do what you should be doing yourself
I have a great idea. Why not educate those employees who could suffer a shortfall at retirement to invest a percentage of their wage into superannuation and add value to their employer sponsored superannuation fund? Self employed people have been doing it for a long time.