A: A good question.

I don’t really think I am qualified to speak for Challenger, however I guess they feel that a “more equitable” super system is in their long term interests. If it is inequitable, then the sustainability of the whole super system is at risk. We could argue about the “equity” issue – but also note that they (Challenger) are probably not impacted by the $1.6m transfer balance cap nor the changes to the transition to retirement pension.