UK pension crisis factors won’t affect Australian pension funds: State Super CEO
Although global bonds are experiencing a tumultuous year, with prices in free fall and yields skyrocketing, the low interest rates of the preceding years meant that many Australian super funds have smaller allocations to the asset class.
Last month, Australia’s superannuation funds watched the United Kingdom’s corporate pension funds desperately scramble to sell assets in a bid to generate liquidity and meet margin calls following a sudden spike in interest rates.
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