Powered by momentummedia
nestegg logo
Powered by momentummedia
nestegg logo
nestegg logo

Retirement

Consumer body launched to tackle super fund lobbying

By Grace Ormsby · September 25 2019
Reading:
egg
Crowd of people

Consumer body launched to tackle super fund lobbying

author image
By Grace Ormsby · September 25 2019
Reading:
egg
Crowd of people

An Australian-first independent superannuation consumer advocacy organisation has formally launched today, with the body purporting itself as taking on the $42 million super lobby.

CHOICE’s Super Consumers Australia has been established to advance and protect the interests of the nation’s low and middle-income earners in the superannuation system.

According to a statement, the organisation will advocate for consumers through deliverance of research, journalism and policy development targeted at making the superannuation system work better for people.

Previously the Super Consumers’ Centre, today’s launch of Super Consumers Australia coincides with the release of research from the organisation that has revealed more than two-thirds of Australians want an independent group to represent their rights in the superannuation sector.

Commenting on the launch, the organisation’s acting director, Xavier O’Halloran, said that this “is an important day for all Australians with superannuation”.

Advertisement
Advertisement

“From now on, when decision-makers are debating what to do with your retirement savings, there will be a voice in the room advocating for your interests,” he continued.

“The superannuation body is using your retirement savings to lobby against your interests.”

Super Consumers Australia has noted that domestically, there are four major superannuation industry lobby groups representing fund trustees, with combined budgets in excess of $42 million.

“There has been little dedicated consumer representation in superannuation policy for far too long,” Mr O’Halloran said.

“We will be keeping the industry on its toes.

“Trustees need to be held accountable for decisions that end up costing members money.”

Consumer body launched to tackle super fund lobbying
Crowd of people
nestegg logo

Forward this article to a friend. Follow us on Linkedin. Join us on Facebook. Find us on Twitter for the latest updates
Rate the article
author image

About the author

Grace is a journalist on Momentum Media's nestegg. She enjoys being able to provide easy to digest information and practical tips for Australians with regard to their wealth, as well as having a platform on which to engage leading experts and commentators and leverage their insight.

Join The Nest Egg community

We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians

Your email address will be shared with nestegg and subject to our Privacy Policy

About the author

Grace is a journalist on Momentum Media's nestegg. She enjoys being able to provide easy to digest information and practical tips for Australians with regard to their wealth, as well as having a platform on which to engage leading experts and commentators and leverage their insight.

Join The Nest Egg community

We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians

Your email address will be shared with nestegg and subject to our Privacy Policy

From the web

Recommended by Spike Native Network

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Copyright © 2019 MOMENTUM MEDIA