New research reveals two-thirds of Australians support an increase in the tax on earnings of super funds with account balances of more than $3 million.
Treasurer Jim Chalmers is seeking to legislate the objective of super − with a focus on the retirement phase − to guide future policy and successive governments in an attempt to “end the super wars once and for all”.
The minister remains committed to not publicly commenting on the Quality of Advice Review ahead of next week’s deadline, but regardless of which direction the government goes Jones believes there is no path for banks to return into advice.
Retirees require a central retirement coordinator, and the two lead candidates are Government and super funds. For super funds to perform this role requires them to be acknowledged as more than simply product providers.