A well managed national superannuation with a safety net
Paul1405,
How many of these "well managed" ones have left people high & dry to-date ?

re;
sustainable national superannuation scheme, when today's investment gives tomorrows returns.
It doesn't matter what name you give it, people have to contribute during their working life, just as my generation did except yours is getting topped-up by Govt contribution of 9%-12%.
Your top-up is almost double than our 7.5%. And, you're not even required to prove merit in your performance.

How many of these 'well managed' ones have left people high & dry to-date ?

- That makes me think of the mentality shown from brokers on 'Wolf of Wall St' I watched on TV the other night.
They don't care if you're making money or not;
They only care that they're making money from you.

Wolf Of Wallstreet - Matthew McConaughey
[Warning - Swearing, Drug use, and Adult content]
http://youtu.be/wM6exo00T5I

Indy,

What I am talking about is investing in Australia, with a National Superannuation Fund, underwritten by a government guarantee, similar to the way bank deposits today are underwritten by government. With a portion of the investment in Commonwealth bonds paying the prevailing market rate that government pays on foreign borrowings.

As for your so called "contribution" of 7.5% into a pension fund, it never happened. I ask, pray tell what was your contribution $1...more...less..how much? If the government needs to top the fund up to support the slackers, drones and genuinely unfortunate, so be it. Obviously the bench mark would be at the present level of the single aged pension. which is $1,026.50 per fortnight today, with all present non contributory super being held privately, presently a 10.5% employer contribution, which would be widened to cover all wages be channelled into the new NSF.

so called "contribution" of 7.5% into a pension fund, it never happened.
Paul1405,
Sadly, I never kept any of my pay slips so I could show it to the likes of you too young to remember !
re;
a National Superannuation Fund, underwritten by a government guarantee.
In that context Superannuation is simply another word for old age pension !