Govt urged to act on infrastructure investment
Former Federal Treasury secretary Ken Henry has joined with superannuation executives in calling for an approach by Government which encourages investment in infrastructure.
Addressing an Association of Superannuation Funds of Australia (ASFA) "Investment Interchange" event in Wollongong last week, the now chairman of the SMART Infrastructure Facility Advisory Council, Henry said a national approach to infrastructure investment needed to be adopted.
At the same time, ASFA director of investments Gordon Noble said a pathway needed to be created to facilitate investment in infrastructure.
"One of the key challenges the investment community faces globally is its all-too-often passive culture," he said. "With super funds showing more interest than ever before in investing in infrastructure projects and governments increasingly willing to let the private sector step in, now is the time to start a dialogue about how this can be modeled in a way that delivers the best outcomes for fund members."
Former Financial Services Minister and Parliamentary ALP leadership aspirant, Bill Shorten, last week canvassed adjusting to the tax regime to encourage superannuation fund investment in infrastructure.
Recommended for you
Unveiling its performance for the calendar year 2024, AMP has noted a “careful” investment in bitcoin futures proved beneficial for its superannuation members.
SuperRatings has shared the median estimated return for balanced superannuation funds for the calendar year 2024, finding the year achieved “strong and consistent positive” returns.
The second tranche of DBFO reforms has received strong support from superannuation funds and insurers, with a new class of advisers aimed to support Australians with their retirement planning.
The financial services technology firm has officially launched its digital advice and education solution for superannuation funds and other industry players.
