Gillard lauds ISN's 'opt in'
The Prime Minister, Julia Gillard, has confirmed her Government's closeness to the Industry Super Network sharing credit with the ISN for Future of Financial Advice measures such as "opt-in".
In an address to an ISN luncheon in Melbourne today, Gillard paid particular tribute to the leadership of ISN chief executive, David Whiteley, who she said had "stood with us from the earliest days in our determination to secure a better retirement for all Australians".
"You stood with us to get rid of the conflicts of interest and the excessive fees," the Prime Minister said. "You stood with us to secure the iconic 'opt-in' policy to bring fairness to financial advice. You stood with us to bring simple, low fee super accounts to every worker who needs one."
She said the ISN had also stood with the Government "to distribute super tax concessions more fairly so that all Australians benefit".
Ms Gillard then endorsed the role of the ISN in policy formulation saying the organisation played "a role in broader policy debates, on occasion, at the vanguard of public policy debates".
"Through ISN, you're working with us now on issues from the upcoming tax forum, to banking competition policy and nation building infrastructure," she said.
AUTHOR
Mike Taylor
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