Architect of Australian scheme warns 0.3% NPSS cost is 'too optimistic'

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RUNNING a national pension savings scheme at a cost of 0.3pc will not be achieved "for years, if at all", Australian senator Nick Sherry has warned.

Sherry, one of the main architects of the country’s compulsory pensions system, said Pensions Commission chairman Adair Turner had been “simply too optimistic” in his calculations that such a schem...

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