At this stage the recommendations form a report only to Government, with the Government yet to respond. The federal minister for superannuation, Chris Bowen, has indicated the response will take between six and eight weeks. But this was before a federal election was called for August 21, which will undoubtedly delay the government’s response. Nevertheless, a lengthy consultation between government and the industry is likely once this contest has been fought.
Investments
The $80 billion Mercer Super has delivered a fourth consecutive year of double-digit returns to most members of its SmartPath lifecycle product. Global equities did a lot of heavy lifting, but chief investment officer Graeme Miller tells Investment Magazine that the fund is now looking further afield for returns.
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