Assistant Treasurer Josh Frydenberg

Investment Strategy

Independent proposal condemned as a sledgehammer approach by Garcia, but ASFA is in favour

The Australian Institute of Superannuation Trustees’ (AIST) submission, in reply to the draft legislation to change the governance structure of super funds, has heavily condemned the approach of the Government as risky and not supported by evidence. By contrast, the Association of Superannuation Funds of Australia (ASFA) says the proposal reflects changing community expectations, the […]
Policy and Regulation

Frydenberg wants discussion on income replacement bracket

Assistant treasurer Josh Frydenberg wants an income replacement bracket to be part of the debate in setting an agreed objective around superannuation. This is part of a broader retirement income policy examination the government is undertaking. The “Holy Grail of reform” is the interaction between taxation, superannuation and pension, Frydenberg told delegates at the Financial […]
Policy and Regulation

Frydenberg lays out his agenda for super

Governance is at the top of Assistant Treasurer Josh Frydenberg’s agenda for superannuation. Speaking at the Financial Services Council (FSC) breakfast briefing in Sydney he said the Government believes the way to do this is by making sure there is an “appropriate number of independent directors” on superannuation fund boards arguing that this will help […]