SPAA welcomes Ripoll appointment to superannuation post
22 October 2013: The high priority accorded superannuation with the announcement of Labor’s shadow ministry has been welcomed by the SMSF Professionals’ Association of Australian (SPAA).
SPAA CEO Andrea Slattery says: “Labor has clearly indicated with this shadow ministry that superannuation will be a key policy area. We acknowledge this and look forward to working with the Opposition.
“In particular, the appointment of Bernie Ripoll as Shadow Minister for Financial Services and Superannuation gives our sector a spokesperson that understands the portfolio, being well regarded for his previous work as Parliamentary Secretary to the Treasurer and his parliamentary committee work.
“As the leading representatives of the $500 billion SMSF sector, SPAA looks forward to closely working with Mr Ripoll to further improve the integrity and efficiency of the superannuation sector and improve the adequacy of Australian’s retirement savings, with a strong focus on working to ensure there is bipartisan support for Australia’s retirement incomes policy.”
Mrs Slattery says SPAA is also heartened by the fact the Opposition Leader, Bill Shorten, and Shadow Treasurer, Chris Bowen, both have significant experience in the superannuation and financial services portfolios and will bring a keen understanding of the issues to their new roles.
The SMSF Professionals’ Association of Australia (SPAA) is the authoritative voice for the self-managed superannuation fund (SMSF) sector. SPAA, which represents professionals providing a range of services across various disciplines in the complex area of SMSFs, is an advocate for the highest professional standards and competence to ensure SMSF trustees always receive the best possible advice.