10 June 2015
ASFA to work with global investment hub
ASFA welcomes the announcement by the Treasurer, Joe Hockey, that Mr Christopher Heathcote has been appointed as the inaugural CEO of the Global Infrastructure Hub.
The Hub, chaired by Secretary to the Treasury John Fraser, will be reporting to the G20 and will work with stakeholders around the globe to drive progress on the G20’s infrastructure agenda, including improving knowledge sharing on infrastructure projects and addressing gaps in knowledge and data.
ASFA CEO Pauline Vamos says she is looking forward to working with the Hub and its new CEO.
“Governments across the world are faced with economic and financial challenges driven by the demography change. A key part of the challenge is to ensure there is sufficient investment in infrastructure. Demand for infrastructure investment over the next decade will outstrip the funding capacity of governments alone.
“A global conversation is therefore needed on how pension systems can work together to address the growing demand for infrastructure investment and help achieve the G20’s goal of lifting global growth by two per cent by 2018.
“Investment in infrastructure has the capacity to deliver long-term returns for pension/superannuation fund beneficiaries and make a strong positive contribution to economic development.
“We need to work together to develop appropriate regulatory frameworks that support and enhance long-term investment and make data on infrastructure investment available across jurisdictions. The work of the Global Infrastructure Hub going forward will be critical to achieving these outcomes,” Ms Vamos concluded.
For further information, please contact:
Katrina Horrobin: GM – Member Strategy, Communications & Brand, 0451 949 300.
ASFA is the peak policy, research and advocacy body for Australia’s superannuation industry. It is a not-for-profit, sector-neutral, and non-party political national organisation, which aims to advance effective retirement outcomes for members of funds through research, advocacy and the development of policy and industry best practice.