FSC urges emulation of Perpetual on SG

1 March 2016
| By Mike |
image
image
expand image

The Financial Services Council (FSC) is urging its member companies to following the example of Perpetual Limited in unilaterally lifting its superannuation guarantee contribution for employees to 10 per cent with a view to lifting it to 12 per cent by 2020.

The FSC chief executive, Sally Loane referenced Perpetual's example in her annual State of the Industry address last week at the same time as urging the Federal Government to speed up the timetable for lifting the superannuation guarantee to 12 per cent.

Discussing the move by Perpetual, Loane said it demonstrated the company's commitment to adequacy.

"[It's] a great move and one that deserves many followers," she said.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

1 year 4 months ago
Kevin Gorman

Super director remuneration ...

1 year 4 months ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

1 year 4 months ago

A former adviser to superannuation trustees has sounded the alarm on what he describes as “serious deficiencies” within the system, urging regulators to take immediate ac...

9 hours ago

Bravura CEO Andrew Russell has announced he will be stepping down from the company, just under two years after his appointment. ...

10 hours ago

Future Group is set to take on nearly $1 billion in funds under management (FUM) and welcome more than 100,000 new members following two significant successor fund transf...

4 days 6 hours ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND