Superannuation funds will be forced to carry more cash and be less able to invest for the long-term if the Coalition’s proposed ‘super for housing’ scheme goes ahead.
The ethical superannuation fund has appointed a chief investment officer, while also hiring an executive director of investments from MLC Asset Management.
Shareholders are wondering what the billionaire’s longer-term intentions are amid warnings that AGL’s business would be destabilised if the demerger vote fails.