The Federal Opposition has signalled there will be no significant change to the Government’s ‘simpler superannuation’ regime in the event that the Australian Labor Party gains power at the next federal election.
The leader of the Opposition, Kevin Rudd, used a television interview this week to reinforce that the Australian Labor Party wanted to deliver certainty with respect to superannuation policy.
“We want to make sure there is certainty for people on their superannuation for the future,” he said.
Rudd was reported as saying there had been too much chopping and changing with respect to superannuation policy.
He said chopping and changing was not helpful with respect to people planning for their retirement and it certainly did not help financial planners.
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.