Can you imagine letting the government decide where your pension funds should be invested? I don’t trust traditional fund managers, never mind the government!
“A specific proposal is to introduce a “complement” to existing legislation in order to “broaden” the role of super and leverage greater investment into what the government deems to be national economic priorities.”
Now I don’t know about you but I’m happy looking after my superannuation in self custody #bitcoin
https://www.afr.com/politics/federal/don-t-divert-super-from-best-investments-20230403-p5cxq9