31.10.2016 - How the Future Fund faces a returns squeeze
The Future Fund is being slugged by the low interest rate environment, and chairman Peter Costello says its investment strategy may have to change to meet its commitments over Commonwealth public service pensions. The Fund, set up in 2006 to pay for the unfunded superannuation liabilities of Commonwealth public servants in now closed defined benefit schemes, returned 4.8 per cent in the year to June 30, 2016. That is well below its targeted return of at least 6 per cent in the current inflation environment............................................Full Article: Source
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