Rather than retreating in the face of rising volatility and geopolitical uncertainty, superannuation funds are tactically positioning themselves to capitalise on equity market weakness, prioritising liquidity and flexibility to make strategic buys.
The $16 billion fund has teamed up with a retirement income product specialist to give its members more confidence to spend in retirement.
Reserve Bank governor Michele Bullock has quashed hopes of an out-of-schedule rate cut, telling an event in Sydney that it remains too early to determine the trajectory of interest rates as the RBA grapples with growing global economic volatility.
The CEO of superannuation advocacy body ASFA has laid out the sector’s expectations for Australia’s next government, underscoring the need for policy stability to safeguard members’ retirement savings.
The super fund-owned institutional investment manager has appointed an internal candidate as its next head of operations.
Aware Super has made a $1.6 billion investment in a 99-hectare industrial precinct in Melbourne’s North which, the fund clarified, also houses the nation’s first privately funded open-access intermodal freight terminal.
ASFA has affirmed its commitment to safeguarding Australia’s retirement savings as cyber activity becomes an increasing challenge for the financial services sector.
The shadow treasurer is not happy with the performance of some within the super sector, telling an event in Sydney on Thursday that some funds are obsessed with funds under management, above all else.
As the Australian financial landscape faces increasing scrutiny from regulators, superannuation fund leaders are doubling down on their support for private markets, arguing these investments are not just necessary but critical for long-term financial stability.
Australian Retirement Trust (ART) is leaning on its private asset allocation to help shield members from ongoing market volatility, as its chief economist stresses the importance of long-term thinking and diversification.