The Government should consider early access to superannuation for people impacted by the bushfires, according to the head of advice for financial planning dealer group, Infocus, George Kovanis.
In a message posted to the Prime Minister, Scott Morrison on social media, Kovanis said one solution to assist those impacted by the bushfires might be the ability to access preserved superannuation benefits.
“This is their money, they have worked hard to accumulate and in some cases if not most may be all that they have left,” his message said.
Kovanis said he hoped the message would be well-received.
“This is one piece of policy that would receive bipartisan support and that of the community it would ease the immediate financial burden and would provide some sort of buffer for those who need it most,” he wrote.
BlackRock boss Larry Fink praised Australia’s superannuation system in his annual chairman’s letter.
The prudential regulator has announced it will publish new expenditure data of superannuation funds, providing details on expenses like advice, director remuneration, and payments to unions.
Affirming the UK’s growing attractiveness as an investment destination, a number of Australia’s largest investors recently joined the UK Foreign Secretary for an exclusive briefing in Canberra to discuss further opportunities for trade and growth.
The specialist superannuation law advisory practice is set to wind up, with managing partner Jonathan Steffanoni planning to bring a new offering to market.
Add new comment