The difficulty of designing products for decumulation is superannuation funds are unable to accurately predict how long members will need the funds, according to a panel, meaning members fear running out of money.
The Reserve Bank of Australia has a “harder road to hoe” than the Federal Reserve in terms of jawboning the economy downwards as it is “losing credibility”, according to QIC’s chief economist.
It will be 10-15 years before the level of liquidity in the Australian private debt market matches that offshore in the US and Europe, according to Schroders Capital’s head of private debt.