Might aswell outsource the responsibility of fund management to highly regulated third parties and you're basically describing Australia's superannuation scheme.
Issue is due to the same politics as everyone else, Australia is having trouble reigning in the state pension (ideally in this scheme meant as a fallback to provide a minimum subsistence level).
Issue is due to the same politics as everyone else, Australia is having trouble reigning in the state pension (ideally in this scheme meant as a fallback to provide a minimum subsistence level).