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.
Dan Farmer, chief investment officer of MLC Asset Management, has detailed how its super fund allocations have evolved and whether the fund will consider investing in bitcoin.
Australia’s superannuation capital has been positioned to play a larger role in south-east Asia’s economic development under a new government-backed deal.
Superannuation funds have become the dominant force behind Australia’s private markets boom, fuelling unprecedented growth and reshaping manager operations.
Reserve Bank governor Michele Bullock has said the central bank sees private demand picking up over the next year, taking over from public demand.