Superannuation funds must focus on delivering the best financial returns for members and not stray into risky nation-building projects, says former senior Treasury official Mike Callaghan.
Treasurer Jim Chalmers on Monday called for the $3.3 trillion superannuation industry to allocate more capital to projects deemed in the national interest, such as clean energy and affordable housing.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
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
Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
