Anne-Marie Corboy, David Hartley, Naomi Edwards, Gerard Parlevliet: The role and responsibilities of fiduciaries in a crisis

[vc_empty_space]In this session, four fiduciaries discuss the questions being asked around the virtual committee tables, redefining the responsibilities of super funds, decision-making in a time of immense disruption, and ensuring best practice governance in a crisis environment.

Speakers

  • Anne-Marie Corboy, independent director, chair, Telstra Super
  • David Hartley, investment committee, Australian Catholic Superannuation and Retirement Fund
  • Naomi Edwards, independent chair and investment committee, Tasplan
  • Gerard Parlevliet, investment committee chair, Prime Super
  • Moderator: Colin Tate, chief executive, Conexus Financial

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Super funds warned on ‘a bloody big fall in the market’

The scale of superannuation funds and their allocation to growth assets – particularly US equities – illustrates a systemic risk that could arise if the US market were to decline significantly. The Fiduciary Investors Symposium heard that the probability of zero or lower real returns for a decade or more isn’t trivial, and that a decline, if it comes, is less likely to be a short, sharp shock than a slow grind downwards.

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