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.
New recruiter hits Shanghai
Alexander Hughes, the Paris-based global recruitment firm specializing in financial services, has opened a Shanghai office.
The office, which is being overseen from Alexander Hughes’ established Hong Kong business, is being established by the firm’s Asia Pacific head of research, Shirley Zu.
Zu is a PRC national, born and educated in China, with work experience also in Australia, where she is completing a part-time MBA.
She reports to Jim Crowe in Hong Kong. He is the managing partner, Greater China, who will split his time between Hong Kong and Shanghai.
