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Australians not confident on retirement


Thu Feb 15 2007

Super Review --- Page: 10 : February 2007
No author supplied for original article

ABIX Summary
Research by CPA Australia shows that 40 per cent of adults are not certain their superannuation is sufficient for their retirement. Respondents' confidence in super was 29 per cent higher than one year ago, while their general investment confidence was 31 per cent higher. Over 50 per cent of respondents reported that super funds' annual reports are "too complex to be useful". Some 34 per cent of respondents expected to depend on compulsory super in their retirement.


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