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The issue of knowledge is significant since there is consistent evidence that employees feel they are ill-informed about superannuation and may not be equipped to make the decisions required of them.
a superannuation fund
It has to contend with a growing number of people in retirement and a smaller number of taxpayers left to cover the cost of superannuation and other retiree-related expenses, such as health care.
With nearly 70 percent of survey respondents indicating that they were either on a benefit, including national superannuation , or were a student, this result is not surprising.
Meanwhile some downsized staff have been re-engaged at lower costs (no holiday pay or superannuation costs) as outside contractors.
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