POWERED BY MOMENTUM MEDIA
Trustees warned to stay alert to Government intentions
Superannuation fund trustees have been urged to consider the implications of recent reports that the Federal Government might seek to tap into superannuation to fund infrastructure projects in Australia.
Rice Warner Actuaries senior consultant Colin Westman pointed to recent newspaper reports canvassing the Government’s options with respect to infrastructure and said there was a need for funds to remain vigilant.
“They (the Government) are looking at ways to fund infrastructure investment and superannuation is a way to do it,” Westman told a Pensions and Investment summit.
“All funds will need to give thought to the implications of the Government’s intentions,” he said.
Westman also cautioned fund trustees about the inclusion of unlisted assets in investment portfolios and warned that they needed to ensure their Product Disclosure Statements appropriately disclosed what the fund was doing and provided members with enough information.
AUTHOR
Mike Taylor
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