Australia is a nation of “casual investors”. Is it time for a closer scrutiny of the pension system? | Satyajit Das
M.argaret Thatcher tried to convert Britain from a nation of merchants to a nation of shareholders. Mandatory retirement and low rates – until recently – on traditional bank deposits have converted most Australians into accidental investors. Since the 1980s, pension arrangements have shifted from defined benefits (an inflation-linked pension based on the last salary, paid … Read more