Grey gouge screams for RBA board seat

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From the AFR:

There are growing calls for the next federal Treasurer to appoint an investor representative to the Reserve Bank of Australia board on warnings that record low bond yields and official interest rates have driven up the cost of self-funded retirement by as much as 35 per cent.

Broadening the board’s expertise beyond its normal corporate chiefs and monetary policy academics would inject the much-needed perspective of retirement savers, a growing group of Australians who have been slammed by the double whammy of collapsing returns and a government crackdown on super concessions.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.