Still, at least one bright spot in the outlook for retirement living standards emerged from the CMSF conference. Despite rumours of its imminent demise, Super Minister Nick Sherry assured delegates the aged pension would “be around in 100 years”. Although this statement does risk just making the short-termists feel more comfortable in their inaction on super.
01/04/2008
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Opinion
There is broad consensus in industry and Canberra that the collapses of the Shield and First Guardian master funds – and failures that led to them – demand a regulatory response. But getting that response wrong could create an uneven playing field in the industry and some counterproductive consumer outcomes.
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