ASFA provides details on new committee
Association of Superannuation Funds of Australia (ASFA) director of investments and economy, Gordon Noble, has provided more detail on how one of the group's new committees will work and its area of focus.
Addressing delegates at the Australian Centre for Financial Studies symposium in Melbourne, Noble said the new Investments and Economic Council hoped to reach out to the Australian Securities Exchange (ASX) on issues such as how they promote the share market.
The ASX was promoting tranches throughout the resources sector, and it would be good to see them do some work in other areas, Noble suggested.
"We need to have these kinds of conversations about structural issues that affect superannuation amongst our membership," he said.
The committee can also start a conversation among super funds about what works and doesn't in venture capital and private equity, he said.
ASFA plans to create working groups underneath the investment committee, according to Noble. He suggested that innovation would be the focus of one working group.
Noble also told Money Management that ASFA would prepare for the mooted future Coalition inquiry into superannuation and banking.
ASFA recently split its policy team into strategic policy positions and regulatory relationships; internal operations; and investments and the economy.
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