POWERED BY MOMENTUM MEDIA
SuperConcepts says it’s #Time2Enshrine super objective
SuperConcepts has launched a campaign to enshrine the objective of the superannuation system in legislation, timing with the resumption of Parliament sitting today and getting ahead of another inquiry into the retirement system, which the Government has signalled is on the cards.
The #Time2Enshrine campaign aimed to underpin stability and enhance focus in superannuation, as constant changes to super rules were a big turnoff (the biggest, according to some surveys) for consumers considering making additional contributions to super.
“Superannuation is the most tax advantaged retirement savings vehicle and it’s disappointing these concessions and the advantages of making voluntary super contributions are often overshadowed by the constant fear of rule changes,” SuperConcepts chief executive, Lara Bourguignon, said.
“It’s now time for the objectives of super to once and for all be enshrined in the legislation to avoid such a clash of policy ideas and the potential impact on people’s lives.”
In Bourguignon’s opinion, the objective of super should be aspirational and encourage self-provision in retirement, serving not only as a safety net but also as a means to financial independence and a dignified retirement.
Further, she believed that it wasn’t enough to just legislate these objectives, but that a mechanism should also be put in place to compel policymakers to refer to it when assessing competing superannuation proposals.
The #Time2Enshrine campaign encouraged people to discuss what purpose the superannuation system should serve, tagging comments and posts on social media that did so with the hashtag.
Recommended for you
The lower outlook for inflation has set the stage for another two rate cuts over the first half of 2026, according to Westpac.
With private asset valuations emerging as a key concern for both regulators and the broader market, Apollo Global Management has called on the corporate regulator to issue clear principles on valuation practices, including guidance on the disclosures it expects from market participants.
Institutional asset owners are largely rethinking their exposure to the US, with private markets increasingly being viewed as a strategic investment allocation, new research has shown.
Australia’s corporate regulator has been told it must quickly modernise its oversight of private markets, after being caught off guard by the complexity, size, and opacity of the asset class now dominating institutional portfolios.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
