Superannuation has been a huge success in supplementing the government pension scheme and taking the strain off it - an attractive prospect as we think about how to relieve the burden on Social Security in this country. The current system is broken, and we need a comprehensive solution to retirement savings that includes some form of mandatory retirement savings.
~ Larry Fink, CEO of BlackRock, asset manager with nearly $4 trillion under management, from a lecture given to business school students at New York University in May, "Retirement Saving Done Right," Bloomberg BusinessWeek, June 3, 2013
Jun 6, 2013
Larry Fink on the Australian model of compulsory retirement accounts
Labels:
BlackRock,
compulsion,
people - Fink; Larry,
retirement,
savings
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