Powered by

Ban on for-profit funds would be simplistic, says super lobby

Nov 15, 2018 - Australian Financial Review

Simplistic reactions such as prohibiting for-profit organisations operating in superannuation should be resisted, the head of the industry lobby group says.

Association of Superannuation Funds of Australia chief executive Martin Fahy called for civility between players in the $2.7 trillion system.

There was a need to reconcile the "invisible hand of the market with the helping hand of the member interest test", he said.

"We must temper hubris, rein in excess and remain humble.

Sign up for unrestricted access to 200+ subscription services.
Already have an account? Click here to login.

RelSci News & Alerts gets you:

  • 5 free articles a month from top subscription outlets like the Financial Times, New York Times, and Washington Post
  • Competitive business intelligence through daily data updates
  • Custom feeds on target high-value individuals, companies, industries, and topics delivered straight to your inbox