Labor fails on Cooper reforms: Towers Watson

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”.

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Super funds grapple with hidden AI cross-exposures as boom runs on 

As super funds work to understand their total portfolio exposure to the artificial intelligence thematic, a complex picture of hidden betas and “attachment points” is gradually emerging. They also need to figure out how to play the same thematic in the “tricky” China market.

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