Industry marks Costello down on super
A Survey of people working in the superannuation industry has revealed that while the Federal Treasurer Peter Costello may have kicked a goal in terms of superannuation policy in the Federal Budget, the superannuation industry has significantly marked down his performance.
A survey commissioned by Money Management’s sister publication, Super Review, reveals that while most industry respondents believe the Federal Government has done a generally good job with respect to superannuation policy development and implementation, Costello himself has fallen short of expectations.
Asked to rate the performance of the Federal Government with respect to improving Australia’s superannuation regime, a significant majority of respondents said they believed the Government had either made a ‘big improvement’ (6.9 per cent) or a ‘moderate improvement’ (51.7 per cent).
In comparison, the same respondents rated the performance of Costello much more poorly.
Only 1.4 per cent rated his performance as ‘excellent’, with 20.7 per cent rating it as ‘good’.
In contrast, 45.5 per cent rated his performance on superannuation as ‘poor’.
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