Of the many topics on superannuation, one issue is more relevant than any other – adequacy. Despite all the talk about different elements of the super system, the prime objective is for a good proportion of the Australian community to save enough to completely fund their own retirement.

The swearing in of the new Turnbull government gave the Australian public its third assistant treasurer in just over two years. The Member for Higgins, Kelly O’Dwyer, was sworn in as Assistant Treasurer and Minster for Small Business in the new-look cabinet, giving her the responsibility of overseeing superannuation and financial services federally.

The uncertainty over what will happen to the regulations allowing gearing to be used to acquire assets within an SMSF has been hanging over the sector like a dark cloud ever since the David Murray’s Financial System Inquiry (FSI) recommended the practice be banned.