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.
Towers Watson adds to investment staff
Towers Watson has made three new appointments to its Australian investment team, comprising two investment consultants and one investment analyst. This follows the five new appointments the firm announced in December last year.
Graeme Miller, director of investment Services for Towers Watson in Australia said: “Our investment team is now bigger and better resourced than it has ever been and we aim to further increase the depth and breadth of our expertise with appointments such as these, in line with market demand.”
Felicity Walsh joins as an investment consultant in the Sydney office, after 10 years as a senior actuarial consultant with Towers Watson in its Birmingham, UK, office. She is a qualified actuary, with a Bachelor of Science (Hons) in Chemistry.
Alek Misev re-joins Towers Watson as a private markets consultant after almost a year as a portfolio manager with Aberdeen Asset Management in the Netherlands. Before this, Misev spent about three years with Towers Watson as an investment consultant focusing on private markets.
Harrison Lane joins the Sydney team as a graduate investment analyst, having completed a Bachelor of Commerce at the University of Sydney.
