The Australian’s Adam Creighton has penned an enlightening article on the extraordinary cost of Australia’s superannuation system, which is running at around quadruple that of the Aged Pension, according to analysis provided by the peak superannuation industry, Association of Superannuation Funds Australia (ASFA):
Age Pension outlays, which totalled $46.8 billion this year, were almost $9bn a year lower as a result of superannuation…