Superannuation should not be used as a “piggy bank” to solve the housing crisis, industry experts believe, as the Coalition announces plans to let first-home buyers access $50k of their super.
Superannuation should not be used as a “piggy bank” to solve the housing crisis, industry experts believe, as the Coalition announces plans to let first-home buyers access $50k of their super.
Access to high-quality advice for consumers will be a key priority for the Labor government, according to shadow minister for financial services, Stephen Jones.
While acknowledging the benefits of superannuation industry consolidation, former Treasurer and current Cbus Super chair, Wayne Swan, says the industry must be careful of the risks associated with too much merger activity.
There is one self-managed super fund with more than $544 million in assets, according to Australian Taxation Office data, and 27 with more than $100 million.