Values and value are both at play in the investment world's reaction to Rio Tinto's destruction of 46,000-year-old Indigenous caves at the Juukan Gorge.
Despite the insinuated negativity around superannuation's lack of innovation, I believe that there is an ambition to innovate. And it is through this lens that I feel we need to challenge the status quo on mergers.
The superannuation guarantee has grown with Australia’s economy, which unlike the rest of the developed world, had not experienced a single recession until now. But fast forward to 2020 and we are effectively challenging this notion of a national pool of savings.
The SG isn’t yet 30 years old and wouldn’t be as hard to end as we might think. If the public doesn’t care enough and if asset owners aren’t vigilant, this month could mark the beginning of the end of the system.
We’re not predicting flying cars and robots, but there will be new expectations for financial advice standards. Professional Planner editor Matthew Smith writes.