Sun, 27th Oct 2024 episode artwork

EPISODE · Oct 26, 2024

Sun, 27th Oct 2024

from Superannuation News Wrap · host Paige Estritori

This episode of Financial Services Online's Weekly Superannation News Wrap features discussion about the International Monetary Fund (IMF)'s concerns regarding liquidity issues in Australia's superannuation industry, notably when members change investment strategies. The IMF warns that a significant portion of super assets are invested in less liquid areas, which could pose risks during liquidity stress times. Industry leaders defend the current framework, citing a balance between member autonomy and investment diversity. Calls for better liquidity disclosures have resulted from the IMF's findings and Morningstar's analysis. The Australian Prudential Regulation Authority (APRA) is enhancing scrutiny on super fund managers' spending in order to protect fund members' financial interests. APRA and the Australian Securities and Investment Commission are partnering to increase industry-wide transparency. APRA plans to share more details on super fund spending and will elect to highlight spending that doesn't directly benefit members.

Episode metadata supplied by the publisher feed · Published Oct 26, 2024

This episode of Financial Services Online's Weekly Superannation News Wrap features discussion about the International Monetary Fund (IMF)'s concerns regarding liquidity issues in Australia's superannuation industry, notably when members change investment strategies. The IMF warns that a significant portion of super assets are invested in less liquid areas, which could pose risks during liquidity stress times. Industry leaders defend the current framework, citing a balance between member autonomy and investment diversity. Calls for better liquidity disclosures have resulted from the IMF's findings and Morningstar's analysis. The Australian Prudential Regulation Authority (APRA) is enhancing scrutiny on super fund managers' spending in order to protect fund members' financial interests. APRA and the Australian Securities and Investment Commission are partnering to increase industry-wide transparency. APRA plans to share more details on super fund spending and will elect to highlight spending that doesn't directly benefit members.

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This episode of Financial Services Online's Weekly Superannation News Wrap features discussion about the International Monetary Fund (IMF)'s concerns regarding liquidity issues in Australia's superannuation industry, notably when members change...

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