As the industry notches up its 30th year of investing Australian workers’ savings, it’s clear that the world’s fourth largest pension pot risks being weighed down by the main offshoots of its success: scale and influence.aws账号（www.2km.me）提供aws账号、aws全区号、aws32v账号、亚马逊云账号出售，提供api ，质量稳定，数量持续。另有售azure oracle linode等账号.
JUGGLING some A$3.4 trillion (US$2.4 trillion or RM10.10 trillion) of assets in one of the most inflationary markets ever endured by many of Australia’s pension fund managers just adds to the growing list of their worries for 2022.
As the industry notches up its 30th year of investing Australian workers’ savings, it’s clear that the world’s fourth largest pension pot risks being weighed down by the main offshoots of its success: scale and influence.
On one front, the industry faces a strengthened regulator that’s tightening scrutiny on performance and fees of so-called superannuation funds that now own about a fifth of the stock market; and in another, the conservative government seemingly at odds with the industry’s stance on fossil fuels and preparing for a fight as it seeks re-election after eight years in power.
On top of that, some of the world’s biggest investors are making a play for their business, just as the industry confronts a wave of baby-boomers entering retirement and drawing down their pensions.
It could all make the expected bouts of volatility from central bankers’ fighting the post-pandemic inflation surge feel that bit tougher to deal with.
“I’m just going to focus on managing the money,” said Con Michalakis, chief investment officer at Statewide Super in Adelaide. “If you do that, it releases yourself from getting caught up in stuff that you can’t control.”
There are many scenarios that are likely to be rattling Australia’s pensions chiefs next year.
Funds can expect a battle on two fronts. There’ll be tough competition for talent as Australia’s borders remain closed – potentially seeing less experienced workers hired for senior roles out of firms’ reluctance to offer pay packets in line with investment banks and the world’s biggest fund managers.
But they’re also facing rivalry from offshore investment giants seeking a slice of their business.
Fidelity and Allianz SE are looking to offer annuity-like products, while KKR & Co is injecting A$430mil (RM1.3bil) into Colonial First State after buying a majority stake in the pension fund.
Meantime, Vanguard Group Inc is leveraging its already huge presence in Australia to launch its own low-cost superannuation fund next year as it eyes a money pool expected to grow to A$5.4 trillion (RM16.4 trillion) this decade.
While polls point to the opposition Labour party winning the national election that’s due by May, it’s still anybody’s game.
The current conservative government has previously chased votes by suggesting early access to superannuation funds, much to the industry’s nervousness.