All you need is a politician that failed maths in high school. Former Australian Treasurer and Prime Minister, Paul Keating is one of them. He created forced superannuation onto every working Australian with the idea that they would be able to save and create a piggy bank for their retirement. The managed super funds are run by super fund brokers and insurance companies who all benefit at a rate of $15 to $20 a month managing your hard earned cash. They invest this money with disasterous consequence. In the last 5 years alone Australians have lost more than $5 billion dollars to these mongrels. What more, you can’t touch your money by law unless you become disabled or reach retirement age of 65 with plans to put this up to 67. Little I have left in my Super fund I cannot take to make life easier today…This is plain criminal. Your thoughts?
Superannuation a Keating created disaster