POWERED BY MOMENTUM MEDIA
O’Dwyer rules out super policy moratorium
The Federal Government will not be pausing superannuation policy changes during a comprehensive review of the sector by the Productivity Commission (PC).
Assistant Treasurer, Kelly O'Dwyer, yesterday announced the broad terms of reference of the PC inquiry but made clear that the Government would be pursuing policy changes where necessary while that inquiry continued.
She said the PC exercise would be broke into three phases starting off with developing underlying criteria, followed by ooking at possible alternative default fund allocations and then finally examining the efficiency and competitiveness of the system.
However, she said this process did not "represent a moratorium on change" and that the Government would continue to pursue policy change where it believed it was necessary.
O'Dwyer said that a par of the Government's policy change agenda was already beingn pursued in the Senate - the governance changes requiring at least one-third independent directors including an independent chairman.
Recommended for you
Governor Michele Bullock took a more hawkish stance on Tuesday, raising concerns over Donald Trump’s escalating tariffs, which sent economists in different directions with their predictions.
Equity Trustees has announced the appointment of Jocelyn Furlan to the Superannuation Limited (ETSL) and HTFS Nominees Pty Ltd (HTFS) boards, which have oversight of one of the companies’ fastest growing trustee services.
Following growing criticism of the superannuation industry’s influence on capital markets and its increasing exposure to private assets, as well as regulators’ concerns about potential risks to financial stability, ASFA has released new research pushing back on these narratives.
A US-based infrastructure specialist has welcomed the $93 billion fund as a cornerstone investor.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Global X GlobalX FANG+ ETF
33.51 3 y p.a(%)
2
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.62 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
