SMSF Association urges policy certainty
Government superannuation policy should be directed at reducing pressure on the Age Pension while delivering certainty, according to SMSF Association chief executive, Andrea Slattery.
Addressing the opening plenary of the SMSF Association national conference in Adelaide, Slattery lamented the level of debate causing uncertainty in the superannuation industry at a time of extreme market volatility.
The SMSF Association chief executive also referenced the degree to which the Treasury had adjusted the real cost of superannuation tax concessions.
She said there was a real need for Government policy to be aimed at reducing pressure on the Age Pension while encouraging higher levels of retirement incomes self-sufficiency.
Slattery said it was important for the superannuation industry to be united on the key policy issues and to not allow it to become a focus for divisiveness.
She said this was particularly the case when super fund members were being asked to commit a significant amount of money to the system until retirement.
"This fact alone requires that there be policy certainty," Slattery said.
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