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The Coalition has pledged to give young Australians access to up to $50,000 in their retirement savings to get a toehold in the housing market. Super funds say it will only further inflate property prices.
While the White House’s economic nostrums are rattling the markets, the long-term outlook for commercial and investment relations between the two countries is positive, with a recent summit in the US further cementing ties.
The new Super Members Council wants to work with both sides of politics to improve the superannuation system. Keeping ISA’s controversial marketing campaign on the outside will help.