Australia’s superannuation industry is experiencing an identity crisis of sorts as the government tries to legislate a ‘purpose for super’, while performance is often sacrificed in the quest to minimise fees.
Author Archive | David Brown
The mandating of independent directors for Australian super funds is facing resistance. While it’s difficult to define ‘independence’, global experts on board governance provide support for the government’s stance.
The FSI’s recommendation that the super industry should re-focus on the achievement of a retirement income, rather than just building a lump sum, is what defined benefit schemes were all about.