Is every working Australian actually paying into superannuation?
An important distinction to bear in mind is that there are 2 main groups of citizens that the superannuation companies/managed funds are serving here. These two groups have slightly different concerns. The main group are those who are currently contributing to super funds, and who dont know what they will end up with in retirement. They are chiefly asking if they have joined the right sort of fund for them, and secondly that they can trust the funds to be investing their super safely and successfully enough so that when they retire they will have enough to live on. The smaller (and maybe more anxious) group are those who are actually retirees, and are having their super money invested by the managed funds to ensure they have a liveable income for their lifetime. They are concerned chiefly with being able to trust the funds; secondly with the way markets rise and fall (and how much they are exposed to this); and thirdly that government charges or tax might eat into their income. This gr
