The biggest issue facing Australia’s superannuation industry is chronic underperformance, according to IFM Investors and Industry Super Australia Chair, the Hon Greg Combet AM.
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The Shadow Assistant Treasurer and Shadow Minister for Financial Services, Stephen Jones MP, used his presentation at the FSC Summit to focus attention on Australia’s $2.8 trillion superannuation industry and its emerging challenges.
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Insurance industry commentator and former regulator John Trowbridge has called for the retention of sales commissions for life insurance products, saying that the alternative fee for service model does not work in the industry.
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The US/China trade dispute is seen as the biggest threat to Australia’s landscape over the next ten years and is more concerning than the impact of global warming and the policies of central banks.
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