The Association of Superannuation Funds of Australia (ASFA) has postponed its conference to 3 to 5 February, 2021.
The ASFA Conference was due to be held in November 2020 in Brisbane but has been moved due to the increasing COVID-19 cases in Victoria and the “unfolding situation” in New South Wales, an announcement said.
The conference would still be held at the Brisbane Convention and Exhibition Centre.
“We think it is critical for the industry to come together in a physical environment to reflect on the challenges of the year past and refocus on bettering outcomes for our members,” ASFA said.
Super funds had a “tremendous month” in November, according to new data.
Australia faces a decade of deficits, with the sum of deficits over the next four years expected to overshoot forecasts by $21.8 billion.
APRA has raised an alarm about gaps in how superannuation trustees are managing the risks associated with unlisted assets, after releasing the findings of its latest review.
Compared to how funds were allocated to March this year, industry super funds have slightly decreased their allocation to infrastructure in the six months to September – dropping from 11 per cent to 10.6 per cent, according to the latest APRA data.