Our compulsory superannuation system underpins what ASFA considers the core objective of the Australian superannuation system – to provide an adequate income to ensure all Australians achieve a comfortable standard of living in retirement, supplementing or substituting the Age Pension. Along with voluntary savings (including those inside super) and the Age Pension, compulsory super is a key pillar of our broader retirement income system. And it’s working. Australia’s retirement income system is independently ranked as one of the best globally, in terms of sustainability, adequacy and integrity. Following are the key benefits of Australia’s compulsory superannuation system: 1. Compulsory super...