Opening up early access to super for housing would have a negative effect on the balances of even those members that don’t dig into their savings, with funds forced to adopt more conservative investment strategies and hold more liquid assets.
The circa $88 billion industry fund for workers in health and community services reckons that alleviating the affordable housing crisis will boost its other investments by easing the cost of living and inflation.
Frontier boosts consulting ranks
(Pictured: Justine O’Connell)
Frontier Advisors has brought its senior consultants team to 10 with the promotion of Justine O’Connell, a specialist in fixed interest and cash. The firm has also appointed a new associate consultant and recruited a new analyst.
O’Connell first joined Frontier in 2005 but left in 2008 to take up a role at the former Watson Wyatt in London. She rejoined Frontier in Melbourne in 2010, working in client advice and manager research. She is currently on maternity leave but is expected to return to work as senior consultant in the new year.
Also promoted is Tony Singh, who becomes associate consultant. He specializes in listed and unlisted property.
Frontier has recruited an analyst, Melinda He, from Ernst and Young (EY), where she provided tax advice to clients, including super funds.
Damian Maloney, Frontier chief executive, said the market for quality investment and consulting staff was tight but with patience and perseverance there were high caliber people available.
“We are always patient in our recruitment to ensure we find the right mix of technical skill, diversity in experience and cultural alignment,” he said.
