Latest research on superannuation has proven Labor wrong again.
The Investment and Financial Services Association has released a study showing more Australians want to make contributions to their retirement nest egg following the removal of the superannuation surcharge.
This is the same surcharge Labor wanted to keep in place.
Labor was wrong on the superannuation surcharge, they were wrong on the superannuation co-contribution scheme, and they were wrong on superannuation choice.
Australians have more flexibility and control over their superannuation than ever before, thanks to the Howard Government. APRA's latest data shows that total estimated superannuation assets rose during the March 2005 quarter by 2.4 per cent to $710 billion. And just recently, a study by Deutsche Bank revealed fees on super funds have dropped 5 per cent in a year.
The Government's superannuation policies are improving competition in the market, and putting downward pressure on fees.