Budget 2018-19 The superannuation industry was spared major tax reforms in this year’s Budget and—contrary to media speculation—there were no changes to the legislated schedule for increasing the superannuation guarantee contribution rate to 12 per cent. However, the Budget did contain a diverse range of amendments to superannuation, with keynote reform packages to protect super from erosion and introduce a new retirement income framework. If legislated, these measures will require significant changes to funds’ product offerings. 1. ‘Protecting super’: fees, insurance, inactive low-balance accounts The Budget contains a major package of reforms under the banner ‘protecting your super’, with measures...