Fed: Labor says super changes disappointing

AAP General News (Australia)
02-25-2004
Fed: Labor says super changes disappointing

CANBERRA, Feb 25 AAP - Federal Treasurer Peter Costello has failed to fix the two main
problems in superannuation savings - high fees and high taxes, Labor said today.

Opposition treasury spokesman Simon Crean said plans to encourage retirees to exchange
their super lump sum for a pension and make it easier to combine part-time work and super
were welcome.

"They are welcome but they don't grapple with the fundamental issues facing us as an
aging population ... how do we get people contributing more to their super, the question
of taxation," he told …