“History is a good predictor of the future,” says Labor shadow minister for retirement incomes and savings, and avid archaeologist and historian, Senator Nick Sherry. And who can doubt him after being nominated again this year as one of the most influential people in the industry.
Sherry, who lives on a five acre rural block in Forth, a small town with a population of 4000 in North Western Tasmania, was unanimously voted into the Top 10 list by our panel, which saw him as someone who puts forward the alternative view and creates debate.
One person who nominated him described him as “by far the most knowledgeable politician in relation to super”. Another said: “Through his recently discovered support for choice legislation, combined with his long standing passion for the subject, he has played himself back into a leading role and the shaping of super policy in the country.”
In August, Sherry released his policy options paper “Broader Choice, Stronger Protection and Fairer Tax”, and has been most vocal on the Senate Select Committee on Superannuation and in voicing Labor’s position on proposals for change this year.
Sherry says he has been given a free rein by opposition leader Simon Crean to develop Labor’s retirement income and savings policies. “Simon has said for me to be as creative as I can — obviously there are some fiscal constraints — but he’s given me great freedom to exercise my imagination,” he says.
Sherry is an avid reader of all things relating to archaeology and ancient medieval history, in particular in the Middle East, Turkey and Greece. One of the down sides of his job is the long hours spent away from home, but he does strive to achieve balance. “I’m very strict about ‘ruling off’ the diary every second week in the month as you have to have a balance between family life and work.”
The super fund has significantly grown its membership following the inclusion of Zurich’s OneCare Super policyholders.
Super balances have continued to rise in August, with research showing Australian funds have maintained strong momentum, delivering steady gains for members.
Australian Retirement Trust and State Street Investment Management have entered a partnership to deliver global investment insights and practice strategies to Australian advisers.
CPA Australia is pressing the federal government to impose stricter rules on the naming and marketing of managed investment and superannuation products that claim to be “sustainable”, “ethical”, or “responsible”, warning that vague or untested claims are leaving investors exposed.