Scott Morrison should know better than to chastise superannuation funds who choose to protect their members’ savings from the decline of coal and fossil fuels
Scott Morrison added another track to his greatest hits album this week with his suggestion on the Ray Hadley talkback radio show that some superannuation funds are avoiding investing in coal for political reasons.
The last two politicians who got basic facts about the superannuation industry so wrong, Julie Bishop and Sarah Hanson-Young, were publicly kicked from pillar to post. Either Scott Morrison understands that superannuation funds have to make decisions solely through the lens of providing benefits to members in retirement, or he better study up on our nation’s superannuation laws.
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Source: Guardian Environment