Super fund boss attacks banks' pension plans

By John Collett
Updated October 5 2014 - 10:18am, first published August 28 2014 - 11:38am
Retirees should not have their money locked up in annuities says super fund boss Bill Watson. Photo: Michel O'Sullivan
Retirees should not have their money locked up in annuities says super fund boss Bill Watson. Photo: Michel O'Sullivan

First Super chief executive Bill Watson says workers should not be forced in retirement to take their superannuation savings as periodic payments.