Thumbs up for co-contribution
A strong majority of people working in the superannuation industry believe the Government’s co-contribution regime has been a success.
That is the bottom line finding of the latest IUS/Super Review Super Outlook survey which found that more than 77 per cent of respondents believed the co-contribution regime had had a positive impact on the industry.
Equally important, more than 74 per cent of respondents believed that the Government would be well-served by extending the co-contribution regime further up the salary scales.
However, when weighed against the other major issues confronting the superannuation industry in 2005, the co-contribution regime is no longer regarded as a front rank concern.
Asked to rank the impact of the co-contribution on the superannuation industry, respondents rated it fourth behind choice of fund, trustee licensing and taxation.
AUTHOR
Mike Taylor
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