Super: it’s the returns, stupid

The average annual super return of 6 per cent is nowhere near enough to push Australians away from the pension. Instead of relying on increasing contributions, super funds should just do a better job.

The only reason it might have been a good idea to increase super deductions from 9.5 per cent to 12 per cent is that super funds are doing a lousy job.

The current super guarantee should be more than enough to give everyone a very comfortable retirement indeed, and with no one on the pension -- at all.

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