Savings
Forty billion dollars gone; four million Australians out of pocket; fees charged for services that are never delivered. It’s the biggest scam you’ve never heard of, and there’s a very real chance you’re a victim.
Indeed, according to the results of a groundbreaking research project last month, a series of questionable practices in Australia’s superannuation industry are gouging close to $80,000 from the retirement savings of many average income earners.
Most worryingly, the same report warned that without immediate, decisive action to fix these serious problems $120 billion more could be siphoned off in the next decade alone.
Continue reading "Super scams flush billions from retirement savings" »
In 1992 Paul Keating’s leadership motivated me to join the Labor Party. Keating provided the labour movement with the leadership, vision and fighting spirit needed to combat the regressive Fightback package.
Keating won the election, and Labor celebrated a great win against neo- liberalism. What followed was a period of government where Keating’s great intellect and vision was pitted against his arrogance, exhaustion and electoral indifference.
This was a difficult and frustrating period for many Labor supporters and I remember periods of despair at our performance. After 1996 the whole labour movement shied away from defending Keating, his Government and his politics due to the collective scars caused by his defeat.
Continue reading "Labor should finish job Keating started on super" »
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Emmie says:
Excuse me! What do you mean YOU, as an employer pay the 9% superannuation - even if happily. As I remember it, the workers of that time forewent 3 years of wage increases at 3% per annum to pay for that 9% superannuation! Otherwise you would still have to pay… Read more »
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Evan Findlay says:
Pitchfork Kenny, typical conservative voter, no idea of the facts, misquotes often and pulls figures from their sphincters. Howard was offered the Hewson report on economic reform, it was NOT the brainchild of John Howard, Australia’s worst treasurer. Howard took the recommendations to Fraser who wasn’t interested at the time… Read more »
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