Reducing administrative costs in the Australian superannuation system
The Australian system has managed to provide remarkably high real returns to many contributors which is, after all, the bottom line in assessing the results of such a system. It has done this despite imposing administrative costs which appear to be rather high, even by the standards of other countries imposing mandatory private superannuation savings. To this extent, the system must be assessed as a resounding success. Nonetheless, feasible reductions in administrative and investment...[Show more]
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