POWERED BY MOMENTUM MEDIA
SMSF Association urges policy certainty
Government superannuation policy should be directed at reducing pressure on the age pension while delivering certainty, according to SMSF Association chief executive, Andrea Slattery.
Addressing the opening plenary of the SMSF Association national conference in Adelaide, Slattery lamented the level of debate causing uncertainty in the superannuation industry at a time of extreme market volatility.
The SMSF Association chief executive also referenced the degree to which the Treasury had adjusted the real cost of superannuation tax concessions.
She said there was a real need for Government policy to be aimed at reducing pressure on the age pension while encouraging higher levels of retirement income self-sufficiency.
Slattery said it was important for the superannuation industry to be united on the key policy issues and to not allow it to become a focus for divisiveness.
She said this was particularly the case when super fund members were being asked to commit a significant amount of money to the system until retirement.
"This fact alone requires that there be policy certainty," Slattery said.
Recommended for you
The impact of identity theft and its threat to superannuation savings were highlighted in a case that went before the Federal Court at the end of 2023.
A recent NSW Supreme Court decision is an important reminder that while super funds may be subject to restrictive superannuation and tax laws, in essence they are still a trust and subject to equitable and common law claims, says a legal expert.
New research from the University of Adelaide has found SMSFs outperformed APRA funds by more than 4 per cent in 2021–22.
The SMSF Association has made a number of policy recommendations for the superannuation sector in its pre-budget submission to the government.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
