POWERED BY MOMENTUM MEDIA
Opposition should release super policy, says Bowen
The Federal Government has called on the Coalition to release a comprehensive policy statement on superannuation well before the 21 August Federal Election.
The Minister for Financial Services, Chris Bowen, used his address to this week’s Financial Services Council (FSC) annual conference in Melbourne to point to earlier undertakings on a super policy release by the Opposition Leader, Tony Abbott, and to call for it to be delivered at the FSC conference or before polling day.
"There is just 10 days till polling day and I call on the Opposition to present a detailed policy," the minister said.
Bowen said stark differences existed between the financial services policies of the Government and the Coalition and warned that a raft of key policy initiatives would be scrapped if the Government was not returned on 21 August.
He listed amongst the policy initiatives at risk the establishment of Australia as a regional financial services hub, the lifting of the super guarantee to 12 per cent and the closing of the retirement savings gap.
AUTHOR
Mike Taylor
Recommended for you
First Nations Australians have faced systemic barriers accessing super, with rigid ID checks, poor service, and delays compounding inequality.
“Slow and steady” appears to be the Reserve Bank’s approach to monetary policy as the board continues to hold on to its wait-and-see method.
AFCA’s latest data has shown a decline in complaints relating to superannuation, but there is further work to be done, it has warned super funds.
Limited exposure to fossil fuel companies has positively impacted the performance of Australian Ethical’s balanced and growth funds, the super fund says.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom 465 Calder Road Calder
99.46 3 y p.a(%)
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
78.55 3 y p.a(%)
4
BetaShares Crypto Innovators ETF
50.39 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
47.50 3 y p.a(%)
