6 September 2022
Supercharging the economy – exploring opportunities for super funds to enhance member retirement outcomes
The Association of Superannuation Funds of Australia (ASFA) today held a roundtable with Assistant Treasurer Stephen Jones and senior leaders from across the superannuation industry to explore opportunities to invest in the Australian economy in superannuation fund members’ financial interests.
Superannuation fund trustees assess investment opportunities in terms of risk-adjusted returns. Identifying models for investment which work economically, both for the government and for fund members, will be key.
Policy connectedness, stability and longevity is crucial. Greater certainty around energy and infrastructure policy settings has the potential to unlock capital. For example, the Government’s Climate Change Bill provides a certain, coherent framework for decision making across the economy.
Where the Commonwealth can create pathways to prove out investment methodologies, there will be greater scope for superannuation fund investment.
Collaboration across all levels of government is often a requirement for success. For example, there have been instances of fund collaboration with state governments on affordable housing.
There are a range of potential investment opportunities that will arise from a series of national economic transitions, including in areas such as: energy; digital infrastructure; affordable housing; health; and aged care.
Today’s dialogue was the start of an important conversation. Orchestration of the policy settings will be crucial – requiring ongoing effort and collaboration by stakeholders.
For further information, please contact:
ASFA Media team, 0451 949 300.
ASFA is the peak policy, research and advocacy body for Australia’s superannuation industry. It is a not-for-profit, sector-neutral, and non-party political, national organisation. ASFA’s mission is to continuously improve the superannuation system, so all Australians can enjoy a comfortable and dignified retirement.