Financial Standard Comments - Time for super to step up Australia's superannuation asset pool has grown to be one of the nation's major macroeconomic advantages and it's time for the sector to take an investment and economic leadership position, said David Whiteley, chief executive of the Industry Super Network. https://www.financialstandard.com.au/feed/latest?story=12146741 Thu, 28 Jul 2011 14:19:21 +1000 Thu, 28 Jul 2011 14:19:21 +1000 en-AU Copyright 2026 Financial Standard 5 Comment by Trevor () The "sole" and "only" purpose of Superannuation is to finance the member's retirement.
Superannuation Funds are the member's entitlements, not for Trustees, Responsible Entities, Administrators to invest to reinforce constructive initiatives regarding climate change, corporate disclosure, nation building and rebalancing the financial services market.
This is extremely important where a member does not exercise "investment choice". The proposed default "My Super" therefore, needs to be subject to stringent investment rules that stipulate that it must be 100% liquid. No illiquid, geared or financially engineered investments.

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]]> Trevor () Thu, 28 Jul 2011 14:19:21 +1000