FSC supports Coalition agenda
The Coalition's financial services policies will deliver certainty and stability to Australian retirees that their superannuation would not be "tinkered with", according to the newly elected chairman of the Financial Services Council (FSC) Greg Cooper.
Speaking at the FSC Annual Conference yesterday, Cooper welcomed the Coalition's so-called ‘no adverse changes' to superannuation commitment, saying the announcement removed super from the annual Budget night uncertainty.
"Lifting super from the annual uncertainty cycle is an outcome the wider superannuation industry supports," Mr Cooper said.
"The FSC has been very supportive of the Coalition's stated policy commitments including the continued development of Australia as a financial centre, substantial refinements of the Future of Financial Advice and Stronger Super reforms, introducing true competition in default superannuation; and commitment to no adverse changes to superannuation in the next Parliament," Cooper said.
"But it's not the industry that will ultimately be most grateful, it will be the retirees of the future that will derive the full benefit from this new consensus on super policy," he added.
Cooper also used his speech to thank Shadow Minister for Financial Services Mathias Cormann for his contribution to Australia's financial services industry since his appointment in 2010.
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