The Australian right has long dreamed of fully privatizing workers’ pensions. Now that one of the world’s largest investment firms is moving into Australia’s superannuation market, their dream may be realized. To protect workers’ retirement, we need to democratize super funds.
Source: To Protect Australian Workers’ Retirement Savings, We Must Democratize Pensions
The Coalition government’s signature employment policy for young people JobMaker has created just 609 jobs. And thanks to the flawed design of JobKeeper, which shut out many young people from key financial support, superannuation accounts were emptied, for which the young will pay a heavy price down the track. Kathryn Daley, Belinda Johnson and Patrick O’Keefe report.
Source: JobMaker scheme fails youth as super accounts drained and JobKeeper bypassed gig economy – Michael West
Tuesday’s federal budget may well irrevocably damage its attractions as a retirement savings vehicle for many Australians.
Source: Super under threat in the 2016 budget