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.
Dunstan decamps to head up Rubik wealth
(Pictured: Iain Dunstan)
Iain Dunstan has been appointed the managing director, wealth, at Rubik Financial, the listed banking and wealth management systems company, replacing Wayne Wilson, who resigned recently.
Dunstan, most recently the regional director of global technology group Avalog, was previously the chief executive and a shareholder in Bravura Solutions. He takes up his new job next week.
Avalog is best known in Australia as the main tech company behind the build of Panorama, the new BT Wrap platform which is being rolled out in stages. The platform is a big investment for BT and will include the ability to access SMAs as of next year. The project is expected to run for nearly two more years for Avalog.
Rubik is the owner of Coin, the financial planning software adopted by both Commonwealth and Macquarie for their advisors. Its main competitor is the IRIS software, which is adopted by a majority of mainly smaller advisors.
The platform market in Australia is becoming even more competitive than previously because of the march of SMAs, favoured by the growing SMSF market, and technological advances which assist development of smaller and more nimble systems.
