Powered by MOMENTUM MEDIA
subscribe to our newsletter
Brogden predicts super, banking partnership

Brogden predicts super, banking partnership

James Mitchell
12 May 2014 — 1 minute read

Financial Services Council chief executive John Brogden has suggested the rebirth of the Australian securitisation market will provide a strong investment for the nation’s $1.7 trillion superannuation pool.

Speaking at the Actuaries Institute Financial Services Forum in Sydney this week, Mr Brogden said a natural partnership will form between superannuation and the banking sector as the Murray Inquiry looks to the financial system to fund the Australian economy.

“We will have so much money available [in superannuation] that we look for very long term, very predictable outcomes in Australia with good strong predictable returns,” Mr Brogden said.

Advertisement
Advertisement

“You can’t go past home mortgages in Australia when you are looking for that,” he said, adding that Australians have a cultural connection to housing second only to the UK in terms of percentage of home ownership.

“Australians would eat baked beans before they default on their mortgage,” Mr Brogden said.

“We all know it; you will get down to your last penny and you will make every effort to repay your mortgage.”

Brogden predicts super, banking partnership
default
smsfadviser logo
join the discussion

Which political party will deliver better outcomes on superannuation policy?

Website Notifications

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