Summary
RIAA is broadly supportive of the Government’s objective of superannuation ‘to preserve savings to deliver income for a dignified retirement, alongside government support, in an equitable and sustainable way.’
In RIAA’s view:
– Responsible investment approaches which focus on long-term returns and mitigating environmental, social and economy-wide risks are central to a sustainable superannuation system. We see areas for potential strengthening for a more fulsome definition of this term that equally reflects the consideration of external sustainability challenges – such as climate change – that risk having outsized impacts on the quality of retirement for Australians.
– Any other policy measures that conflict with this definition are rectified, including the Your Future, Your Super performance test which has the potential to directly inhibit the way superannuation funds can contribute to preserve savings.
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About the speakers
Summary
RIAA is broadly supportive of the Government’s objective of superannuation ‘to preserve savings to deliver income for a dignified retirement, alongside government support, in an equitable and sustainable way.’
In RIAA’s view:
– Responsible investment approaches which focus on long-term returns and mitigating environmental, social and economy-wide risks are central to a sustainable superannuation system. We see areas for potential strengthening for a more fulsome definition of this term that equally reflects the consideration of external sustainability challenges – such as climate change – that risk having outsized impacts on the quality of retirement for Australians.
– Any other policy measures that conflict with this definition are rectified, including the Your Future, Your Super performance test which has the potential to directly inhibit the way superannuation funds can contribute to preserve savings.
