Another AMP Limited corporate superannuation client is testing the market.
The Australian Cricket Association (ACA) is understood to have commissioned actuarial research consultancy, Rice Warner to conduct a review of its needs and to test the market among corporate superannuation providers.
The Australian Cricket Superannuation Plan is one of the default funds available to Cricket Australia employees.
The Australian Cricketers Association has listed AMP Limited as the administrator of the Australian Cricket Superannuation Plan which looks after the superannuation interests of Australia’s contracted crickets and staff of the state cricket associations.
It lists Australian Unity Personal Financial Services as being financial advisers to the plan.
The sovereign wealth fund grew $11.5 billion in the March quarter, according to its latest portfolio update, having previously voiced caution about inflation’s downward trajectory.
The property group, owned by industry super fund Aware Super, has announced two new projects with a total construction value of $320 million that will add more than 700 homes to Melbourne’s rental market.
While institutional investors, including super funds, unanimously acknowledge the energy transition as a significant challenge, their perspectives on the extent of their involvement in addressing the substantial capital requirements vary widely.
Despite a period of increased volatility, several considerations suggest that the bull market will remain intact and the trend in shares will remain up, an economist has suggested.
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