The Australian superannuation industry should defy current market volatility and emerge as one of the nation’s employment growth areas, according to specialist recruitment business, SUPER Recruiters.
The company has pointed to a recent industry survey that revealed around 50 per cent of respondents said they expected to employ more people this year compared to last year.
The survey, conducted by both SUPER Recruiters and Riskwise Professionals found that, by contrast, fewer than a quarter of those surveyed expected to reduce headcount.
Commenting on the results, SUPER Recruiters founder, Guy McKanna said around a quarter of respondents were uncertain about their hiring prospects.
He said respondents suggested that identifying appropriate candidates represented significant challenge, particularly finding the right cultural fit.
McKanna said that the survey had also identified that respondents had noted the degree to which employees had become resistant to changes with technology as a challenge.
BlackRock boss Larry Fink praised Australia’s superannuation system in his annual chairman’s letter.
The prudential regulator has announced it will publish new expenditure data of superannuation funds, providing details on expenses like advice, director remuneration, and payments to unions.
Affirming the UK’s growing attractiveness as an investment destination, a number of Australia’s largest investors recently joined the UK Foreign Secretary for an exclusive briefing in Canberra to discuss further opportunities for trade and growth.
The specialist superannuation law advisory practice is set to wind up, with managing partner Jonathan Steffanoni planning to bring a new offering to market.
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