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Victoria’s premier urges super funds to invest in public projects, sparking debate over risks to retirement savings.
Victorian Premier Jacinta Allan has called on Australia’s $4.3 trillion superannuation industry to invest in public infrastructure like hospitals, schools, and green energy projects, arguing such investments benefit working Australians.
The proposal, part of a broader push for public-private partnerships, has drawn criticism from financial experts and media figures who warn of risks due to Victoria’s $50.6 billion deficit and recent losses.
Critics stress super funds must prioritize safe, profitable returns and avoid politicizing retirement savings, noting trustees have legal duties to members’ financial well-being.
While federal Treasurer Jim Chalmers considers easing investment rules, concerns remain over whether infrastructure projects offer sustainable returns and whether funds have the expertise to manage them.
El primer ministro de Victoria insta a los superfondos a invertir en proyectos públicos, provocando un debate sobre los riesgos para los ahorros para la jubilación.