Original article by Joanna Mather, John Kehoe
The Australian Financial Review – Page: 4 : 17-Jan-19
Federal Opposition Leader Bill Shorten has expressed some support for the Productivity Commission’s proposal to cull underperforming superannuation funds. He says super funds whose returns rank in the bottom quartile deserve to be culled, regardless of whether they are industry or retail funds. Meanwhile, Prime Minister Scott Morrison has not ruled out making the Future Fund a default super fund, but he stresses that doing so is not on the government’s policy agenda at present.
AUSTRALIAN LABOR PARTY, AUSTRALIA. PRODUCTIVITY COMMISSION, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. FUTURE FUND MANAGEMENT AGENCY