PRESERVATION IS SUPERANNUATION.

The article discusses the need for a clear and shared objective for Australia's superannuation system, which is the third-largest pension pool in the world. The lack of a legislated objective has led to uncertainty and misuse of superannuation funds. The government aims to establish an objective that focuses on preserving savings for a dignified retirement and ensuring equitable and sustainable income. The article also emphasizes the importance of political consensus, strong performance, and member satisfaction in the superannuation system. [Extracted from the article]