Equity Mates Investing Podcast 5 steps to maximise your Super - Daniel Shrimski | Vanguard
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Sep 18, 2025 In this engaging conversation, Daniel Shrimski, Managing Director of Vanguard Australia and author of the 'How Australia Retires' report, addresses the surprising pessimism many Australians feel about retirement. He discusses the stark contrast between expectations and reality regarding retirement savings, particularly among younger Australians. Daniel shares five actionable steps for improving superannuation, emphasizing the importance of financial literacy and regular engagement with retirement planning. His insights aim to empower listeners for a more secure financial future.
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Australia's Retirement System Is Big But Fragile
- Australia has one of the largest retirement systems and strong potential but retirement outcomes depend on more than investment returns.
- Vanguard's research found gaps in planning and financial literacy that threaten outcomes.
Planning And Literacy Are Major Gaps
- Less than half of Australians have any retirement plan and many lack basic financial literacy about interest, inflation and risk.
- Only 40% knew when they could access their superannuation, revealing big knowledge gaps.
Working Australians Are Much More Pessimistic
- Just 43% of working-age Australians feel positive about retirement while 65% of retirees do.
- Younger people are more pessimistic, driven by debt, lower home ownership and anxiety about the future.