Will the real Tim Wilson please stand up?

tim-wilson/Outsider/

2 April 2021
| By Outsider |
image
image
expand image

Outsider is giving 10 out of 10 to the Australian Prudential Regulation Authority (APRA) for deftly avoiding becoming entangled in the somewhat arcane politics of superannuation.

Indeed, Outsider is wondering quite what the rather staid executive of APRA made of a claim by the chairman of the House of Representatives Standing Committee on

Economics, Tim Wilson, that the Government was being “bullied and intimidated” by industry superannuation funds.

It seems that the bullying and intimidation Wilson was referring to was the rather vanilla television advertising campaign launched by Industry Super Australia aimed at the Government’s Your Future, Your Super legislation.

So, hearing Wilson’s pleas to APRA, Outsider was left to wonder whether this was the same Tim Wilson who prosecuted the Government’s campaign against franking credits during the last Federal Election, the same Tim Wilson who has used his committee to relentlessly interrogate superannuation funds over their activities and the same Tim Wilson who is now campaigning to put home ownership ahead of super?

Are there two Tim Wilsons, one of whom is a victim?

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

3 months 1 week ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

3 months 1 week ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

5 months 2 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

3 weeks 6 days ago

A former Victorian financial adviser has been sentenced after stealing $4.4 million from clients, family and friends to feed his “raging gambling addiction”....

3 weeks 4 days ago

A financial advice firm has been penalised $11 million in the Federal Court for providing ‘cookie cutter advice’ to its clients and breaching conflicted remuneration rule...

2 weeks 3 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
93.34 3 y p.a(%)
2
5
Plato Global Alpha A
28.83 3 y p.a(%)