Call for global infrastructure investment links
The Association of Superannuation Funds of Australia (ASFA) has called for the formation of a Pensions 20 (P20) or Investors 20 (I20) in line with G20 to link with the rest of the world on infrastructure investment.
It comes after international pension fund associations, investment and infrastructure experts and senior representatives from pension and superannuation funds met in Sydney at the first meeting of the Global Investment Forum (GIF).
ASFA is hoping the P20 or I20 links with G20 activities will build on recommendations from the B20 on infrastructure and other long-term investing opportunities.
"The GIF will build on the recommendations coming out of the current round of B20 and G20 meetings to develop an action plan that will deliver to governments the basic requirements of long-term investors for successful capital-raising for infrastructure and other long-term investments," ASFA said.
ASFA wants some amount of global consistency on infrastructure investment as they believe it will allow cross-border investment by promoting investment and governance structures that meet the needs of long term investors.
It will also make data on infrastructure investment available across jurisdictions, it said.
ASFA also plans to compile a report on protocols required to align the goals of long-term investors, which will talk about the governance of investments, risks and return profiles, financial market and solvency regulation, and the political legal stability needed to foster investments.
ASFA will work with PensionsEurope, and the National Association of Pensions Funds (NAPF) from the UK.
AUTHOR
Malavika Santhebennur
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