Appointed as chief executive during a time when there has been no physical interaction with staff, Hill has emphasised the importance of promoting connectedness and connection in the virtual environment.
The outgoing Media Super chair, Labor stalwart, staunch industry fund advocate and one-time Australian Financial Review editor says we should put the current pace of industry change into perspective. Despite a raft of ongoing debate, crises and reform, the upheaval needed to get super off the ground was a much bigger struggle.
The key to addressing complexity and subjectivity in my experience is through good engagement. For engagement to work there needs to be a level of trust. Trusting can be difficult when significant agency issues exist.
The world’s ability to manage Covid-19 will progressively improve over time, says Mark Delaney, the CIO of Australia’s largest superannuation fund, and the economic recovery has so far been faster than with other major recessions.
A Biden fiscal and economic stimulus reform would involve raising company and capital gains taxes, but it would also involve raising deficits to spend more, a-la Franklin Roosevelt in 1933, an approach that could turn out to be more positive for financial markets, Bridgewater Associates founder Ray Dalio points out.
While the chair of the decade old Super System Review couldn't shed light on the current Retirement Income Review, he said If the superannuation system is being used for tax-advantaged inter-generational wealth transfers then those tax subsidies should be reviewed.