POWERED BY MOMENTUM MEDIA
Retail bond issuance reforms unlikely to affect instos, says ASFA
Legislation to encourage the development of a retail corporate bond market would be unlikely to significantly increase the depth and liquidity of the domestic Australian market, according to the Association of Superannuation Funds of Australia (ASFA).
The industry association welcomed the Government's amendments to the Corporations Act, which are aimed at improving the trading of retail corporate bonds in Australia.
The reforms would streamline the corporate bond investments process with only a marginal impact on the depth and liquidity of the domestic market, according to ASFA
As the wholesale market was a conduit for super funds, and the additional retail issuance to Australian investors would be marginal compared to the overall size of the wholesale markets, the reforms were unlikely to affect super funds, ASFA said.
Additionally, it welcomed the Government's intention to define the terms ‘financial planner' and ‘financial adviser' as supporting the Future of Financial Advice reforms in empowering consumers to identify "genuine providers of financial product advice".
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
The central bank has served up a disappointment for punters on Melbourne Cup Day.
The superannuation industry will be judged by its member services rather than how effectively it accumulates wealth, according to Stephen Jones.
The profit-to-member super funds are officially operating as a merged entity, set to serve over half a million members.
Super Review announced 21 winners at the annual Super Fund of the Year Awards, including the recipient of the prestigious Fund of the Year Award.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
32.57 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
32.09 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
27.42 3 y p.a(%)
