The Intergenerational Report may have pointed to the need for Australians to remain longer in the workforce, but a survey conducted by an industry superannuation fund suggests few people actually want to do so.
The survey, conducted by Equipsuper, found nearly three quarters of respondents would be reluctant to delay their retirement.
According to the survey, 72.3 per cent said they could see 'no positives' in working longer.
However the survey also pointed to others who believed staying longer in the workforce would serve to keep them connected and active.
It said the biggest motivator for working longer was clearly not having enough super (36.6 per cent) or believing the pension would be insufficient (18.8 per cent).
However it also noted that 31.7 per cent of respondents had said that continuing working would provide a sense of purpose.
The survey suggested that poor health (38.6 per cent) and wanting to spend more time with family (28.7 per cent) were the stand-out reasons for not working.
Australia’s second largest super fund has added thermal coal companies to its list of investment exclusions.
The fund has expanded its corporate superannuation solutions to partner with Australian businesses of all sizes.
The chief executive of Aware Super anticipates a significant shift in how ESG factors will influence portfolio values in the next six years, surpassing the changes witnessed in the past two decades.
In a recent statement, shadow assistant minister for home ownership and Liberal senator for NSW, Andrew Bragg, accused ‘big super’ of fabricating data attributed to the Reserve Bank of Australia to push their agenda.
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