AustralianSuper chief Ian Silk has accused the Morrison government of introducing “sovereign risk” to the $3 trillion superannuation system as the trade union-linked industry super movement puts up its strongest defence yet to the slated reforms of the sector.
The federal Parliament is readying to debate and vote on the controversial reforms unveiled in the October budget, including a clarified duty for funds to act in the best financial interests of retirement savers.
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Aleks Vickovich leads the Financial Review's coverage of wealth management, specialising in the business and regulation of investment markets, financial advice and superannuation. Email Aleks at aleks.vickovich@afr.com
