In 1992, Australia’s broad-based superannuation system, known as the Superannuation Guarantee, was launched with a modest 3% employer contribution. This was the beginning of three and a half decades of retirement reform, which now sees Australian workers receive benefits that are the envy of the world, while at the same time helping to build the country around them.

In this video Paul Watson, PDW Advisory and advisory board member of Allianz Retire+, shares lessons from his experience with auto-enrolment, minimum contributions, and consolidation. He has been closely involved with the evolution of the Australian retirement landscape over the course of his executive career, including two leading Australian institutions, Hostplus and MilitarySuper. 

For more details about Australia’s reform journey over the past 35 years, register here to download a special edition of MINDSPACE and read the article on page 31.