Industry super body pushes Gov for SG commitment
A major industry body has already urged Jane Hume, the new Assistant Minister for Superannuation, Financial Services and Financial Technology, to commit to raising the superannuation guarantee (SG) to 12 per cent, hours after her appointment to the Ministry yesterday.
The Australian Institute for Superannuation Trustees (AIST) said that it would continue to “strongly advocate” the new Ministry for policies that improved retirement outcomes.
“We will continue to strongly advocate for policies that improve the fairness and sustainability of superannuation for all Australians, which includes a commitment to raising the SG to 12 per cent as scheduled,” AIST chief executive, Eva Scheerlinck, said.
Scheerlinck also said that the Government needed to be “focussed and committed” to the smooth implementation of recently legislated policies, such as the Protecting Your Super reforms, to ensure that the best outcomes for super fund members were achieved.
Recommended for you
Financial Services Council chief executive, Blake Briggs, is urging Minister for Financial Services, Stephen Jones, to take advantage of the QAR opportunity to reduce regulatory duplication and ensure advice is affordable.
Former chair of the House of Representatives’ Standing Economics Committee, Tim Wilson, is planning a return to politics after losing his seat in the 2022 federal election.
Morningstar is going to offer research ratings of funds in the $3.5 trillion superannuation sector for the first time in response to demand from financial advisers.
Treasurer Jim Chalmers has opened a consultation into the design of the annual superannuation performance test, canvassing views on a range of reform options.
