Pushing superannuation funds to invest in affordable housing will not solve the housing crisis even if it is technically allowed under, according to former banker David Murray.
in projects that boost housing supply and mitigate climate change, with Labor already in talks with the industry about affordable housing initiatives.
it works in Singapore - my guess he is protecting his mates
Chalmers's plans are now clear. Picking winners with other people's savings and income. Members have the opportunity to diversify their risk ,but Chalmers has mandated low return housing. He is also supplanting the role of the trustees. Nexl a kleptocracy ?
What rubbish, the whole super industry/funds based on govt legislation, tax concessions, compulsory contributions...,to suggest that govt has overstepping is ridiculous.
Any sane person thinks that!
I agree. The Funds have a fiduciary duty to invest for the best possible outcome for the members.
Mr quote-a-lot.
The very model of an ‘ex-banker’!