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.
SuperRatings formalizes consulting division
SuperRatings has formalized its consulting work with the appointment of Adam Gee, former superannuation services director at KPMG, to the new position of head of the consulting division.
Nathan MacPhee, SuperRatings CEO, said: “For the last decade SuperRatings has consistently undertaken consulting projects on behalf of clients, but we have never marketed our consulting services to the industry. Given the depth of our expertise, the significant market insights via our market-leading data and the rate of change in the industry, it is now a natural progression for us to push further into the provision of consulting services.”
The firm believes that there has been a big increase in demand for assistance by super funds due to the regulatory changes such as Stronger Super as well as tender management, product development and compliance work, which Gee will manage.
Gee starts his new role today. He spent more than 11 years at KPMG. Before that he was a business analyst at Colonial First State.
