That will probably be pushed back when the baby boomers start retiring and the super funds come under pressure with more people withdrawing than members contributing.
This is kind of a pet hate I have. Super funds only make sense when you have more people paying into them than withdrawing. Super funds being a business still need to make a profit to pay investors, wages, brokers, and building associated costs and lawyers. That is kind of the reason why I have my own self managed super fund under my wife and my name that that we purchase government bonds.
It's not perfect by any measure, but its a small price to pay to know that we don't need to pulled over the coals when the whole thing falls in on itself.
This is kind of a pet hate I have. Super funds only make sense when you have more people paying into them than withdrawing. Super funds being a business still need to make a profit to pay investors, wages, brokers, and building associated costs and lawyers. That is kind of the reason why I have my own self managed super fund under my wife and my name that that we purchase government bonds.
It's not perfect by any measure, but its a small price to pay to know that we don't need to pulled over the coals when the whole thing falls in on itself.