The Australian Institute of Superannuation Trustees (AIST) has committed to actively engaging with political parties on the fairness, equity, adequacy and transparency of Australia’s retirement savings system during the current election campaign.
The organisation said it would ensure that superannuation policy receives the attention it deserves and called for candidates to declare their ongoing support for compulsory super and to uphold its core purpose – to deliver dignity in retirement for working Australians.
“Although superannuation may not be front of mind for Australians as they consider their voting intentions, it is a major driver of their quality of life in retirement and we’re determined to make sure it gets attention during the campaign,” said AIST chief executive Eva Scheerlinck.
“We’ve seen the major parties focus on immediate financial issues such as household budgets and the rising cost of living as they compete for the hearts, minds and votes of Australians, which is understandable, but super also affects hip pockets after people leave the workforce.”
AIST previously expressed disappointment in the lack of measures in this year’s budget aimed at improving the retirement outcomes of women, alongside Industry Super Australia, HESTA and other parts of the super industry.
