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Super industry warns members 'will suffer' under reforms


Super industry warns members ‘will suffer’ under reforms 
17 December 2020
Executives across the superannuation sector have warned that the government’s proposed Your Future, Your Super reforms will move the Australian retirement saving system away from global best practice, with costs and systemic risk tipped to rise while long-term returns plummet.
The outlook is outlined in a new report from Willis Towers Watson’s Thinking Ahead Institute, based on interviews with a number of senior investment professionals on the Your Future, Your Super reforms.
Aware Super chief investment officer Damian Graham, AustralianSuper CIO Mark Delaney, Hostplus CIO Sam Sicilia and QIC CIO Jim Christensen were among the individuals consulted for the paper. ....

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