SPAA welcomes Labor's shadow ministry
The high priority accorded to superannuation with the announcement of Labor's shadow ministry has been welcomed by the Self-Managed Super Fund Professionals' Association of Australia (SPAA).
Commenting on the appointments, Andrea Slattery, chief executive officer of SPAA, said that with this shadow ministry in place, Labor had clearly indicated that superannuation would be a key policy area.
"We acknowledge this and look forward to working with the Opposition," she said.
"In particular, the appointment of Bernie Ripoll as Shadow Minister for Financial Services and Superannuation gives our sector a spokesperson that understands the portfolio, being well regarded for his previous work as Parliamentary Secretary to the Treasurer and his parliamentary committee work.
"As the leading representatives of the $500-billion SMSF sector, SPAA looks forward to closely working with Mr Ripoll to further improve the integrity and efficiency of the superannuation sector and improve the adequacy of Australian's retirement savings, with a strong focus on working to ensure there is bipartisan support for Australia's retirement incomes policy."
Slattery said that SPAA was also heartened by the fact that the Opposition Leader, Bill Shorten, and Shadow Treasurer, Chris Bowen, both had significant experience in the superannuation and financial services portfolios, bringing a keen understanding of the issues to their new roles.
Originally published by SMSF Essentials.
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