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Superannuation funds hit back at warnings from the RBA
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Australia’s biggest superannuation funds have hit back at warnings from the Reserve Bank over concerns they are over-invested in the big four banks.
The RBA argues cutting banks would have severe ramifications for the retirement savings of super members.
Companies also believe there would be a weakening of the banks, which would be exposed to volatile foreign capital.
The RBA argues cutting banks would have severe ramifications for the retirement savings of super members.
Companies also believe there would be a weakening of the banks, which would be exposed to volatile foreign capital.
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Superannuation funds hit back at warnings from the RBA
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