Pictured is David Whitely, CEO of ISN addressing the FSC delegates in an historic first |
The main news, to my mind, from the morning sessions of Day 2 of the Financial Services Council's 2013 conference (#FSC13) happened off stage.
And that news was the joint announcement by the Industry
Super Network (@IndustrySuper) and the Financial Services Council
(@FinServCouncil) that they will work, collaboratively, on a better future for
superannuation in Australia.
Now I could permit cynicism to kick in at this news, but
the fact remains: this is a "maturity milestone" for Australia's
retirement savings system.
Warring parties, fundamentally trying to achieve the same
thing, albeit with different philosophical bents, have come together in the
name of a greater good: a decent retirement, characterised by the greater
choices and standard of living you can only get from having enough money.
I particularly liked these two quotes, from David Whitely
and John Brogden respectively:
"Industry Super Network and the Financial Services
Counsil should lead the elevation of superannuation out of the political discourse and ensure policy making is considered, sector neutral and even handed."
"Because we have allowed ourselves to be
divided, the significance of the industry and our prominence in the minds of government and consumers has been diminished. Ultimately, it is superannuation that suffer."
Perhaps it's time for both sides to read it, and bury the
hatchet - for the sake of a better future.
I'm attending the FSC Conference with Aideen McDonald (@BlueChip_Comm) and Bruce Madden (@madd_23n) on behalf
of BlueChip. You can follow my commentary at @carden and www.cardencalder.com.
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