In Australia we have a compulsory pension fund. https://en.wikipedia.org/wiki/Superannuation_in_Australia https://en.wikipedia.org/wiki/Superannuation_in_Austr

In Australia we have a compulsory pension fund. https://en.wikipedia.org/wiki/Superannuation_in_Australia https://en.wikipedia.org/wiki/Superannuation_in_Australia The pros are obvious but the cons are significant; it can be a very poor investment for some people. It's also criticised for locking up a lot of savings in an unproductive way.