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Survey marks down Costello on super
Federal Treasurer Peter Costello may have kicked a goal in terms of superannuation policy in the Federal Budget, but the superannuation industry has significantly marked down his performance.
The latest IUS/Super Review Super Outlook survey reveals that while most industry respondents believe the Federal Government has done a generally good job with respect to superannuation policy development and implementation, Costello himself has fallen short of expectations.
Asked to rate the performance of the Federal Government with respect to improving Australia’s superannuation regime, a significant majority of respondents said they believed the Government had either made a ‘big improvement’ (6.9 per cent) or a ‘moderate improvement’ (51.7 per cent).
In comparison, the same respondents rated the performance of Costello much more poorly. Only 1.4 per cent rated his performance as ‘excellent’, and 20.7 per cent rating it as ‘good’. In contrast, 45.5 per cent rated his performance on superannuation as ‘poor’.
AUTHOR
Mike Taylor
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