POWERED BY MOMENTUM MEDIA
ASFA CEO condemns Grattan Institute as ‘anti-retirement’
The Association of Superannuation Funds of Australia (ASFA) has directly confronted the Grattan Institute describing it as an “anti-retirement group”.
ASFA chief executive, Dr Martin Fahy has reacted to recent statements by the Grattan Institute by issuing a formal statement claiming “Grattan want a welfare state where 70-80% of Australians will be relying on a government funded age pension, public health system and a benevolent age care system”.
“They are offering Australians a bleak retirement where they are older and sicker for longer, when we know people want to be younger and healthier for longer,” Fahy said.
He said the Grattan Institute’s vision of retirement was one where everyone over the age of 75 sat at home watching daytime TB, waiting for a public hospital bed.
“We know that these outdated characterisations of retirement are at odds with what people want. People are active and motivated in retirement and they want to have choices. They don’t want their grandparents’ retirement.”
“The development of retirement policy needs to recognise and support the changing landscape where more and more Australians are working longer, living longer, and staying active longer,” Fahy said. “A Jansenite model of retirement where the few are destined for a dignified retirement and the working classes are condemned to the Age Pension has no place in modern Australia.”
Recommended for you
Private market assets in super have surged, while private debt recorded the fastest growth among all investment types.
The equities investor has launched a new long-short fund seeded by UniSuper, targeting alpha from ASX 300 equities using AI insights.
The fund has strengthened efforts to boost gender diversity, targeting 40:40:20 balance across its investment teams by 2030.
The lower outlook for inflation has set the stage for another two rate cuts over the first half of 2026, according to Westpac.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
