The superannuation industry's peak lobby group has criticised the federal government for striking at the retirement system at a time when funds are gearing up to help the economic recovery | JennieDuke
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"Fuelled by the commentary from various members of the government that the coronavirus crisis has exposed structural weaknesses ... our sector has weathered widespread criticism," Ms Scheerlinck said.maintaining the super guarantee increase "There is enormous potential for super funds to scale up their investments in assets previously thought to be too hard or niche," she said, adding funds were already in discussions with state governments.
Dr Russell said the analysis used "sleight of hand" such as relying on the income of people in the years before they retired to measure what would be a comfortable income when reaching 65, saying incomes often fell in the later years of working life.
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