Compulsion and choice: Lessons from the Aussie pension system

Compulsion isn't a word many of us readily associate with the thousands of Britons spending time living and working in Australia. I certainly didn't have to compel my 24-year-old son, Joe, to try his luck Down Under, where he's now working (and playing rugby!) in Sydney after finishing his degree. Wild horses wouldn't have stopped him, to be honest!  But in the financial services world, especially pensions, compulsion - the action or state of being forced to do something - does come to mind when we're on the subject of everything from Ayers Rock to eskies (I'll come back to this affec...