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.
What this episode covers
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.
NOW PLAYING
Sun, 27th Oct 2024
No transcript for this episode yet
Similar Episodes
Apr 21, 2026 ·13m
Apr 19, 2026 ·16m
Apr 17, 2026 ·13m
Apr 13, 2026 ·11m
Apr 11, 2026 ·16m