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Infrastructure group urges super consolidation
Specialist infrastructure group Infrastructure Partnerships Australia (IPA) has suggested the introduction of a three-tier, lifecycle-oriented superannuation system better capable of undertaking meaningful investment in national infrastructure.
In a submission to the Cooper Review, the IPA said the Government should address barriers to further investment by developing a three-tier system comprised of pre-retirement (accumulation), retirement (transition) and post retirement (preservation).
The IPA document also supported the role of annuities and the consolidation of the superannuation industry to create scale and therefore more funds capable of participating in the development of mega projects.
The submission also called on the Government to have a more clear-cut agenda with respect to the development of long-term infrastructure and a clear and transparent pipeline of future investment opportunities.
AUTHOR
Mike Taylor
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