shadow treasurer

Policy and Regulation

Bowen slams Hockey’s proposal

Removing savings from superannuation accounts to buy housing will be “disastrous”, the shadow treasurer said. Chris Bowen slammed treasurer Joe Hockey’s “thought bubble” that superannuation money could be used to help first time buyers get onto the property ladder or retrain, describing the proposal as “ridiculous” and “disappointing” at the Centre for International Finance and […]
Policy and Regulation

Shadow Treasurer wants bipartisan agreement on super objectives

Chris Bowen MP, shadow treasurer, says that a bipartisan agreement on the objectives of superannuation can be reached. Addressing seventeen leaders of the superannuation industry, including chief executives of funds, directors of financial services companies and prominent thinkers, in an event hosted and created by Conexus Financial and Perpetual, Bowen asserted that clear objectives for […]
Investment Strategy

Opposition to kick-start annuity market

If elected in September, shadow treasurer Joe Hockey says he will encourage the issuance of longer dated government debt in a move to kick-start an Australian annuity market. Longer term index-linked government securities would create a good match for the risk a financial services company takes on when it promises to pay a retiree a […]