Mercer

Mercer actuary David Knox says the data used to determine the old age dependency ratio is “totally out of date” and overstates the severity of the problem.

Higher mandatory contributions and increased pension assets helped Australia improve on its 2022 score in Mercer and the CFA Institute’s annual index and move up a spot in the 47-country ranking, but the research cited room for improvement.

Criticism that superannuation tax concessions are costing the government more than the Age Pension is disingenuous and based on bad analysis, Mercer said in a new report finding super concessions actually save taxpayers in the long run.

One of Australia’s largest retail super funds will be hauled before the court over allegations it engaged in greenwashing of products in what will likely be a test case for the practice.