Knowledge@ASB: Super Beyond Cooper

Some key recommendations from former regulator Jeremy Cooper's long-awaited review of Australia's superannuation system look set to fly. The federal government has already given the nod to the default option, known as MySuper, to take care of the vast majority of Australians who show zero interest in their retirement savings, until it's way too late. Cooper had no ready answer to the underlying issue of super investors' widespread disengagement, and there's a risk his recommendations may further exacerbate it. In an interview with Knowledge@Australian School of Business, John Piggott and Hazel Bateman of the Australian Institute for Population Ageing Research consider the impact of the review on a nation where workers have no choice about whether or not to join a super scheme, and potentially so many confusing choices afterwards.