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Myriam Robin

Stephen Jones boosts dud Islamic super fund

The minister in charge of the super sector still provides tacit endorsement to a fund that performs so badly it is being regulated out of stand-alone existence.

Not a month goes by without a new reason to ponder the peculiar priorities of Labor’s Financial Services Minister, Stephen Jones.

To a growing list of debacles and reversals, we add his spruiking of Crescent Wealth, a high-fee and sharia-compliant superannuation fund headed by NSW Labor powerbroker Talal Yassine.

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Myriam Robin is a senior writer based in the Melbourne newsroom. She has previously been a Rear Window columnist and editor, and before that reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com

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    Original URL: https://www.afr.com/rear-window/stephen-jones-still-going-into-bat-for-dud-islamic-super-fund-20240505-p5fozo