Chanticleer
The $3.5 trillion super sector’s next big problem is already here
Assistant Treasurer Stephen Jones has delivered a wake-up call to the sector to lift its game as 5 million Australians approach retirement.
If the good and great of Australia’s monstrous superannuation sector thought The Australian Financial Review Super & Wealth summit in Melbourne was going to be a backslapping exercise, then Assistant Treasurer Stephen Jones set them right with his best school principal impersonation.
“It is possible for us to celebrate the great achievements of our $3.5 trillion industry … but at the same time say there is much, much, much more that needs to be done,” Jones told the packed room.
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