It was once the industry funds versus retail fund battle that captured media attention in the superannuation industry, but Rollover senses that a new enmity has arisen – the Association of Superannuation Funds of Australia versus the Grattan Institute.
It seems to Rollover that ever since Martin (that’s Dr, to you) Fahy became chief executive of ASFA the superannuation organisation has become very much more aggressive in countering the less than super assertions of the Grattan Institute.
When the Grattan Institute last year had the temerity to question the validity of ASFA’s comfortable retirement measure, Fahy accused Grattan of “flawed analysis” and this year he was similarly sharp in rejecting the research group’s assertions.
When the Grattan Institute proposed the dumping of the Government’s already glacial superannuation guarantee increase timetable, Fahy labelled it “another contrived assault” on superannuation.
Rollover senses that whatever Dr Fahy chooses to do post ASFA, it will not involve ministering to the Grattan Institute.
