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Super investments could become political, AMP exec warns


Super investments could become political, AMP exec warns
07 April 2021
The boss of AMP Australia has expressed bewilderment over the veto power Treasurer Josh Frydenberg could gain for super fund investments, with concerns the law could pressure trustees into considering politics in their decision-making. 
The government’s proposed Your Future, Your Super reforms, announced in the federal budget last year, include a legislation change that would grant Treasurer Josh Frydenberg the power to intervene in a super fund’s investment or payment, if Treasury ruled it shouldn’t go ahead. The reforms, if passed, are scheduled to take effect from July. ....

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