You can’t keep a good rent-seeker down. Today, the Association of Super Funds of Australia (ASFA) chief executive, Pauline Vamos, has called for an increase in the superannuation guarantee (compulsory superannuation) t0 12%, in order to ensure that ordinary Australians can enjoy a “comfortable” retirement. From The AFR:
“Given the increasing level of super savings that the average Australian will require at retirement, there is a strong case to increase the compulsory rate of superannuation contributions to 12 per cent of wages as soon as possible,” Association of Super Funds of Australia chief executive Pauline Vamos said…
