[Smart Investing] What an A-grade pension system looks like; 'The Money or the Box?'; Attention turns to our tax affairs
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22 October 2012
What an A-grade pension system looks like
The Australian superannuation system may be going through a major regulatory overhaul but when ranked through a global lens our retirement savings system scores highly.
One of the early stars of Australian television, Bob Dyer, used to ask winning contestants on his quiz show a simple question: "The money or the box?" This meant the contestants would choose between a pile of cash or a so-called box that, when opened, could reveal something highly valuable or of no value.
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Indexing reaches all time high
Melanie Timbrell, 24 September 2012 June 2012 saw the figure for indexed FUM climb to $238 billion - the highest ever level in Australia, according to Rainmaker's latest manager survey, with market penetration likewise hitting a record 16.6%.
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