As COVID-19 continues to impact working conditions, many asset owners and managers have slowed or put a hold on hiring until the situation becomes clearer, according to Super Recruiters.
Sally Humphris, executive director at Super Recruiters, said restrictions on face-to-face meetings at most organisations were obviously slowing recruitment.
“While industry leaders started the year optimistically [with] employment and hiring, the situation has certainly changed in the past few weeks,” Humphris said.
“Though some key roles are certainly progressing and we are still placing CEOs [chief executive officers], as well as planners and operations candidates.”
Australia’s largest super funds have deepened private markets exposure, scaled internal investment capability, and balanced liquidity as competition and consolidation intensify.
The ATO has revealed nearly $19 billion in lost and unclaimed super, urging over 7 million Australians to reclaim their savings.
The industry super fund has launched a new digital experience designed to make retirement preparation simpler and more personalised for its members.
A hold in the cash rate during the upcoming November monetary policy meeting appears to now be a certainty off the back of skyrocketing inflation during the September quarter.