CEO of Australia’s Top Pension ‘Terrified’ of Global Cash Grabs
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The head of AustralianSuper Pty, the country’s biggest pension fund, warned against governments looking to tap trillions of dollars of retirement savings as economic crises mount.
“I’m terrified governments around the world will say ‘we’ve got an economic trauma, tap the money’,” Chief Executive Officer Paul Schroder told the AFR Super & Wealth Summit in Sydney on Tuesday. “It’s easy politics, horrible financial thinking, terrible for society.”