Financial services groups need to be paying just as much attention to the non-superannuation investment market as they have been paying to superannuation, according to actuarial consultancy, Rice Warner.
Promoting the release of its Personal Investments Market Projections 2015 report, Rice Warner noted Australia's dual investment and savings systems, inside and outside superannuation.
It said both systems were of almost equal size and that both promised to provide excellent and evolving opportunities for the financial services industry.
"Given the widespread attention given to superannuation by Government, interest groups and the media, the size and significance of the non-superannuation personal investments market is not always readily recognised," the Rice Warner analysis said.
Among the array of findings from its report, Rice Warner pointed to the importance of demographic changes and the manner in which they would impact investor sentiment.
"The retirement of ageing baby boomers will lead to greater drawdowns of non-superannuation and superannuation assets first to provide retirement income and later for the generational transfers of wealth upon death," it said.
Australia’s second largest super fund has added thermal coal companies to its list of investment exclusions.
The fund has expanded its corporate superannuation solutions to partner with Australian businesses of all sizes.
The chief executive of Aware Super anticipates a significant shift in how ESG factors will influence portfolio values in the next six years, surpassing the changes witnessed in the past two decades.
In a recent statement, shadow assistant minister for home ownership and Liberal senator for NSW, Andrew Bragg, accused ‘big super’ of fabricating data attributed to the Reserve Bank of Australia to push their agenda.
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