The Association of Superannuation Funds of Australia (ASFA) has reiterated its call for the Australian Treasury to make public the MARIA model at the heart of the Retirement Income Review.
Speaking today, ASFA CEO, Dr Martin Fahy, said: “The recent Australian National University study into Australia’s superannuation guarantee clearly demonstrates the danger posed by simplistic modelling and unrealistic assumptions determining important public policy.
In order to deliver on its aspiration to establish a single fact-base around Australia’s retirement funding system, I reiterate the call for Treasury to release its MARIA model and make public its underlying assumptions and in doing so, ensure it stands up to rigorous scrutiny”.
ASFA notes the Federal Government’s commitment to deliver the scheduled increase in the superannuation guarantee to 12 per cent and welcomes the review of the retirement income system as an opportunity to further strengthen retirement outcomes for all Australians.
For further information, please contact:
Jacqui Maddock, 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.