By Blake Briggs, CEO of the FSC Australians would collectively benefit from $16bn more in retirement savings and $22bn in additional retirement income by 2050 if the government removed barriers that prevent superannuation funds and fund managers from transferring consumers to innovative, new investment products.

The Financial Services Council has welcomed the Government’s response to the Quality of Advice Review and its commitment to remove costly red tape imposed on financial advisers this year. 

By Blake Briggs, CEO of the FSC The success of Australia’s superannuation system is too often measured by its rapid growth to $3.4 trillion in savings, not by its actual objective, which is to provide income for Australians in retirement.

By Blake Briggs, CEO of the FSC 

By John Brogden, Trustee Director of CFS

Now that the Government has determined its key Ministerial appointments and gets underway with implementing its legislative agenda, it’s timely to briefly examine the three key areas of Government focus over the next year when it comes to superannuation.

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