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(July-2003) A new year, a new challenge
Mark Sladden, fund secretary of the Master Superannuation Fund
Our biggest challenge would have to be finalising our FSR licence application and pending APRA licence, as well as introducing the various changes to our operations that are required to comply.
Another challenge, which is a continuing one, is to keep working on improving our member education, especially in areas of investments and increasingly, even showing them why super is important because we are seeing more members become disillusioned with the whole subject. This is mainly due to recent returns and taxes.
My hope for financial year 2003/04 would be that while we have a great framework for super, bipartisan action will be taken by our politicians to solve major issues resulting from our ageing population. It is time for clear, long-term (and likely some tough) decisions to be made — such as extending working age, preservation, increasing contributions and the like. I also hope the focus on issues such as choice-of-funds disappears as this, I believe, is a waste of time and takes resources away from the really important issues stated above.
AUTHOR
Zilla Efrat
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