Shorten's pitch: the new super bargain

Another boost to consumer confidence in super would be to extract it from the “hurly burly” of political debate – once this year of reform draws to a close, Shorten said. If members are going to be forced to commit their savings to the system throughout their working lives, they must feel certain it will not be dramatically altered by the time they retire. .

With the caveat that it may be his most naïve comment in his weeks in the superannuation portfolio, he said: “We do have to take the politics out of retirement incomes policy and superannuation. We’ve got to get to a point where we can fence it off and not let it be influenced by the annual Budget.”

It would be “very smart politics” to “set it up and move it beyond politics,” he said.

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‘Not an ATM’: Sicilia shrugs off private credit liquidity fears

The chief investment officer of the $150 billion industry super fund says that Hostplus’ portfolio will weather the ongoing downturn in software companies and that moves by a number of large private credit managers to gate their funds are a result of the asset class being offered to retail investors who should not have assumed the funds would be liquid enough to get money out when everybody else is trying to do the same.

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