Australian Government to Strengthen Annual Performance Test for Pension Funds
The Australian government is moving to tighten an annual performance test for the nation’s A$4.5 trillion ($3.2 trillion) pension industry. The change comes as concerns grow that the current model may be steering investment away from some sectors. @business reported the development.
themandarin.com.auThe Australian government is moving to tighten an annual performance test for the nation’s pension industry, according to @business reported. 5 trillion. 2 trillion.
The move comes as concerns are growing that the current model of the annual performance test may be steering investment away from some sectors. 2 trillion) pension industry as concerns grow the current model may be steering investment away from some sectors.
Key Facts
Potential Impact
- 01
Changes to how pension funds evaluate and select investments annually
- 02
Potential increase in investment directed toward sectors previously disadvantaged by the test
- 03
Possible effects on overall returns and risk profiles within the A$4.5 trillion industry
Transparency Panel
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