| The Labor leadership candidate Bill Shorten has backed the idea of higher superannuation payments to build a sovereign wealth fund to help pay for the care of the increasing numbers of Australians living into their 80s and 90s.
Referring to a plan floated by the former prime minister Paul Keating, Shorten said Labor should consider "big" new ideas, like "encouraging people to save for a sovereign wealth fund that enables people to draw down on that resource when they need it in their 80s and 90s"...............................................Full Article: Source
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