David Murray says the fund, which has been established to meet unfunded superannuation liabilities for federal government employees, is expected to return a rate of CPI plus 4.5%-5.5% but that this wonÆt be achieved in its set-up phase.
He also says the task of meeting unfunded liabilities will be challenging given that the government hasnÆt committed to making an annual injection to the fund.
Murray, who recently retired as the chief executive officer of the Commonwealth Bank of...
