20 December 2010 14:00
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”.
longevity, cooper, AIST, Andrew Boal, Towers Watson, Fiona Reynolds, MySuper, SuperStream
Ian Patrick, chief investment officer of the $370 billion Australian Retirement Trust, says that integrated balance sheet management will “beyond a shadow of a doubt” become a more prominent feature in the superannuation industry as funds grapple with the compounding effects of their growing size, systemic importance and the liquidity needs of servicing a larger cohort of retirees.
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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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