Thanks for logging in.

You can now click/tap WATCH to start the live stream.

Thanks for logging in.

You can now click/tap LISTEN to start the live stream.

Thanks for logging in.

You can now click/tap LATEST NEWS to start the live stream.

LISTEN
Watch
on air now

Create a 3AW account today!

You can now log in once to listen live, watch live, join competitions, enjoy exclusive 3AW content and other benefits.


Joining is easy.

Advertisement
Advertisement
Advertisement

Grattan Institute hits out at “fear factory” surrounding superannuation

3aw mornings
Article image for Grattan Institute hits out at “fear factory” surrounding superannuation

The financial services industry has been accused of running a “fear factory” to scare Australians into putting more of their money into superannuation.

The Grattan Institute has released a new report, which found the warnings about financial stress in retirement were largely overkill.

It said the average worker can expect to have a retirement income that’s at least 91 per cent of their working income.

John Daley, chief executive of the Grattan Institute, said most of the modelling had a major flaw.

“It’s built on the assumption that people will increase their spending in retirement and that just bears no resemblance to reality,” he told Neil Mitchell.

Click PLAY below to hear more on 3AW Mornings

3aw mornings
Advertisement