“The appointment of Bernie Ripoll … gives our sector a spokesperson that understands the portfolio, being well regarded for his previous work as parliamentary secretary to the treasurer and his parliamentary committee work,” Ms Slattery said.

“SPAA looks forward to closely working with Mr Ripoll to further improve the integrity and efficiency of the superannuation sector and improve the adequacy of Australian’s retirement savings, with a strong focus on working to ensure there is bipartisan support for Australia’s retirement incomes policy.”

Ms Slattery also indicated opposition leader, Bill Shorten, and shadow treasurer, Chris Bowen, both have “significant experience” in the superannuation and financial services portfolios.