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.
