20/12/2010
Labor’s approach to capital adequacy and liquidity needed more consideration, Boal said. “Capital requirements would best be met via reserves held within a fund, rather than capital held by the trustee external to the fund,” he said.
Boal reserved his strongest criticism for Labor’s avoidance of post-retirement adequacy, saying “we are disappointed that this issue has not received the attention it deserves. Leadership from the government is needed to address this key challenge”.
Andrew Boal, Towers Watson, Fiona Reynolds, MySuper, SuperStream, longevity, cooper, AIST
Aware Super has backed the call for a legislative change that will introduce mandatory human rights due diligence for large Australian companies, as head of responsible investment Liza McDonald said it’s a “reasonable request” which will help asset owners understand and manage the governance risks in their portfolios.
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We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
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