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.
Milliman recruits head of consulting services
(pictured: Kevin Moloney)
Milliman, the actuarial consulting firm, has hired former Telstra Super and Energy Super executive Kevin Moloney as ‘head of consulting services’.
Moloney, who reports to Wade Matterson, Milliman’s superannuation practice leader, will enhance Milliman’s capabilities across marketing and member analytics, financial advice, and retirement solutions, the firm said last week.
Prior to his recent roles at Telstra Super and Energy Super, Moloney was a principal consultant at Mercer within the superannuation and market development business.
Wade Matterson said: “The experience Kevin brings to our business will support us through a period of growth. His broad industry experience, across retirement products, marketing and distribution strategy will serve us well as we continue to expand the depth of our relationships with Australian clients…
“We are seeing an increasing desire from our industry fund partners to assist as they deal with a rapidly changing environment. Funds are dealing with simultaneous challenges across financial advice, engagement and retirement solutions, and consulting organisations are increasingly required to offer an integrated range of services.”
