A small clutch of ultra-dry conservatives is driving the government’s super agenda, and they are willing to bully and belittle anyone who disagrees with them according to Shadow Assistant Treasurer Stephen Jones.
The minister reiterated the government’s plan to make a call on the SG rise closer to July 1 when the “trade off” with wage growth is clearer, while shadow minister Stephen Jones said the current level “just won’t get us there”.
Each of the three countries ranked above Australia in the Mercer CFA Institute Global Pension index – The Netherlands, Denmark and Israel – have contribution rates into their funded pension arrangements of 12 per cent or higher.
The ex-Liberal party leader was joined by a host of industry names on an "emergency" webinar to discuss the importance of continuing the legislated SG increase in July 2021, despite the economic effects of the pandemic.
While personal and professional agendas make it almost impossible to have a balanced debate about the SG, there are a few key criteria that any analysis - including that of the Retirement Income Review - should acknowledge according to the Conexus Institute's David Bell.
The message from Senator Jane Hume is clear: micro-reforms will be ever-constant. Funds need to be set-up to integrate micro-reform and maintain the ability to innovate. Funds which can’t keep pace will have to merge, which also fits with policy objectives - David Bell writes.
New ACTU president Michele O’Neil says we cannot afford another generation that retires with inadequate superannuation simply to help Scott Morrison play anther pea and thimble trick with the commonwealth Budget.