Weekend Edition: Is super delivering on the promise?
Super funds are still not high enough for most people to liver off comfortably in retirement. Phil asks Deloitte’s Diane Somerville how quickly we’ll get there. And is industry consolidation a good thing?
NAB Morning Call · NAB - The Morning Call
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Show Notes
Friday 13th October 2023
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Our super contributions are designed to ensure we have a happy retirement, so is that working? The median balance for a man in his early sixties is $212k, for a woman its $158k. When will we reach an adequate level for most to lead a comfortable life? And, as the size of Australian superannuation assets grows, where do the investments go? Phil talks to Diane Somerville, Principal for Superannuation Consulting at Deloitte Australia about the growth of Australian superannuation, consolidation within the industry and the impacts of COVID.
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