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One step forward, two steps back. Daniel Munoz/Reuters

Why single women are more likely to retire poor

Despite more women joining the workforce, women are retiring with significantly less super than men, and single women do even worse.
Retirees with higher incomes gain significant benefit from Australia’s super tax concessions. Image sourced from

What ‘fair’ superannuation would look like

The government compels us to do lots of things without any incentive payment, so why should super be any different?
Almost a year after it was finished, the government has responded to the Financial System Inquiry, agreeing with the majority of its recommendations. Lukas Coch/AAP

Super members the winner in sensible financial inquiry response

It's a good thing that Australia's large and growing super sector will attract greater policy focus in coming years.
Prime minister Malcolm Turnbull has accepted almost all the recommendations from the Murray Inquiry into the financial system. Mick Tsikas/AAP

Government to act against businesses exploiting credit card charges

The Turnbull government will ban businesses from charging consumers excessive surcharges on their credit cards, and move to inject more competition into the superannuation industry.
Prime Minister Malcolm Turnbull has indicated that changes to superannuation are on the table. David Moir/AAP

Submissions want super tax concessions cut: Treasury

Submissions to the government's taxation white paper show support for reducing concessions for superannuation but with no clear agreement on how to do this.
The compulsory super scheme in Australia is clearly superior to the voluntary 401(k) scheme utilised by the United States. Image sourced from

Our super system isn’t perfect - but for a failure, look to the US

When you consider that the average US household will have just $104,000 in retirement savings, Australia's compulsory super system starts to look like a really good idea.
For every $1000 of assets the pension will be reduced by $3 a fortnight, under changes proposed in the federal budget. AAP Image/Alan Porritt

Missed opportunities on coherent pension policy reform

The government has dropped plans to index age pensions to CPI and opted instead to tighten income and assets test. These are welcome changes but more needs to be done.
Treasury Secretary John Fraser now has plenty of company in calling for a ‘fundamental rethink’ of retirement income policy. AAP/Lukas Coch

Time to listen to the evidence for a rethink of super tax concessions

Over the last six months a public consensus has emerged among academics, think tanks, community organisations, elements of the superannuation industry and most politicians about superannuation.
Research has found when super funds share the same directors, fund performance can suffer. Image sourced from

Super connected directors not helping super fund performance

Super funds are being asked to improve board governance, and their starting point should be to consider stamping out multiple directorships.

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