Nag, nag, nag but the horses have bolted

Outsider treasury superannuation

16 November 2018
| By Outsider |
image
image
expand image

Outsider spent a reasonable portion of his working life strolling the corridors of the Federal Parliament and thus, he thinks he knows a thing or two about how the system works when it comes to the production line involved in turning Government policy into legislation.

He therefore thought Treasury Retirement Income Policy division head, Robert Jeremenko was being a little twee when he noted that a certain major insurer had been lobbying Senators and Members of the House of Representatives with respect to the Government’s bills impacting insurance inside superannuation.

Jeremenko suggested it would have been nice if the insurance company had come to the Treasury first.

Which Outsider believes might have been an entirely reasonable request if the legislation in question had not already been introduced to the Parliament and about to be voted on by the Senators and members in question.

Outsider believes it is entirely pointless to seek to bolt a stable door when the Government’s legislative nags are already running.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

6 hours ago

Interesting. Would be good to know the details of the StrategyOne deal....

4 days 11 hours ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 2 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

2 weeks 4 days ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

3 days 9 hours ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

2 days 12 hours ago