Rudd ready to fiddle with super, says Opposition

government-and-regulation/senator-mathias-cormann/federal-opposition/government/

29 August 2013
| By Staff |
image
image
expand image

The Federal Opposition has accused Prime Minister Kevin Rudd of policy on the run with respect to superannuation in the wake of yesterday's third leader's debate in which he traversed the issue of changing the superannuation preservation age.

The Shadow Assistant Treasurer, Senator Mathias Cormann, claimed that despite the Government having gone to the election promising no major changes to superannuation policy, the Prime Minister had been guilty of using the leaders' debate to canvass changes to a key element of the policy settings.

"He [the Prime Minister] was suggesting that he might let older people access their super earlier when all of the experts were pushing for the opposite," Cormann said.

The debate transcript indicated that the Prime Minister had referred to reviewing the systems around accessing superannuation and that it might be time to look at how older people gained access to their superannuation money.

Cormann claimed Rudd's willingness to traverse such policy changes during a leadership debate served to emphasise that only the Coalition had promised not to make any unexpected changes to superannuation.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

1 month 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

2 weeks 6 days ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 5 days ago

TOP PERFORMING FUNDS