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Mercer senior actuary, David Knox, is the latest to make the false claim that freezing the superannuation guarantee at 9.5% “will hurt average workers”:
Mercer senior actuary David Knox said… even with the full 12 per cent guarantee, the average full-time worker would finish with a super payout worth 58 per cent of their pre-retirement income.
Dr Knox said the sharply-falling rate of people who retire without a mortgage was a major risk that suggested retirees needed more cash in their super.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.