Crisis environments are always tough for the investment chiefs of super funds. It’s important to recognise the range of demands they face during a crisis. You shouldn't expect most CIOs to make “heroic investment calls”.
Chief executive Andrew Polson said the market turbulence and supply chain shocks from the coronavirus outbreak was a powerful warning that the margin for error in a highly-leveraged and interconnected world was very low.
There is skepticism that the prudential regulator will succeed in benchmarking the performance of Choice products, particularly as it is struggling to collect meaningful and comparable data across the 90 or so MySuper products.