Prebble and Anderton agree on some things

The problem with super is clear. Too many political parties are making irresponsible promises about superannuation, in order to buy votes. They see the future financing of their promises as someone else's problem.

Broken promises in superannuation undermine confidence in the democratic process.

The Cullen superannuation fund is yet another reckless scheme to buy votes. To borrow $6 billion over the next four years to invest in the world sharemarket is very risky.

If the Cullen scheme was in place on 11 September and had the $6 billion in it, more than $2 billion dollars would have been lost.