Institutional and retail investors adjusting their expectations should factor in that the interest rates will likely stay at current levels until immunity allows economic activity to be restored while inflation should not be a worry for most economies.
The COVID-19 hardship early release of superannuation scheme will not be extended for a second time, according to the Assistant Minister for Superannuation, Financial Services and Financial Technology Jane Hume.
Australians will be forced to pay tens of billions more in taxes and suffer lower investment returns if the Government decides to open a third tranche for its early release of super scheme, according to Industry Super Australia.
The country needs to think about the impact of the size and share of the superannuation system, the biggest engine to finance Australia’s investment needs, but the pandemic is making it harder to forecast.
Superannuation funds managing assets internally or that want to in the future will need to take a closer look at their own structures and reconsider their investment process as a result of the COVID-19 pandemic, according to Northern Trust.
The 40:40 Vision campaign has attracted eight inaugural investor signatories who will commit to achieving 40% women, 40% men, and 20% any gender among C-suite roles by 2030 and set clear and public targets towards the goal.
Australia has been ranked among the top countries in the world for retirement security for the fourth consecutive year but it is ‘too early’ to determine how this will be affected by the early access to super withdrawals.
Workers who earn less than $75,000 will benefit the most from a rise in the superannuation guarantee as higher income earners already benefit from higher contribution rates or the ability to salary sacrifice.
A new Actuaries Institute Taskforce report has laid bare the fragility of the disability insurance market and has recommended changes to product ratings, a best interests duty approach and the use of sustainability heatmaps.
With five significant superannuation fund mergers already on foot and eight others known to be in the early stages, the Australian superannuation industry faces further consolidation through 2021 and early 2022.
As tech stocks that produced reliable growth during the COVID-19 pandemic have started to suffer sell-offs during September, it is still best to view them with a long-term investment horizon, according to Janus Henderson.