It’s almost thirty years to the day marking Australia’s transformation into a nation of compulsory savers with the introduction of the superannuation guarantee. From humble beginnings, our superannuation system is now the fourth largest pension system in the world.
We’re a growing nation that needs substantial investment in infrastructure. If we believe that building a nation for the future will always be a priority for our government, then we also need to think about how Government can tap into all the funds available to ensure these projects are appropriately funded.
While we’ve traditionally had to rely on investment from overseas to finance infrastructure projects, we should also be considering how our own super system can help realise these important nation building initiatives?
At the FSC, we believe the time is right to introduce a new investment structure that unlike most existing infrastructure investment structures would be tradable on secondary markets and available to retail investors. We would call this an Australian Superannuation and Infrastructure Investment Vehicle.
We know that superannuation fund members are already good constructive partners with Government, because they are also ready and willing to invest in large scale infrastructure projects with a long-term holistic mindset.
While the objective of superannuation policy will always need to be focused on providing Australia’s with access to a reasonable income in retirement, we should not ignore the benefits that can be realised by using superannuation as a vehicle to fund the continued growth and health of the wider economy.
Make sure you’re amongst the first to read blogs like this from the FSC.
| SIGN UP TO FSC NEWS |