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Growth/defensive asset categorisation: proposed solution for consultation

Background

The growth/defensive exposure of a portfolio is an entrenched part of the financial services industry. Yet there is no standardised approach to growth/defensive calculations and this undermines confidence in industry calculations.

A voluntary working group has worked over 12 months to develop a proposed solution. The aim of the working group is that, following consultation and review, a single standard to growth/defensive is established and applied by all industry participants.

Next steps: participate in the consultation

This is a call to action for all of industry to participate in the consultation. It would be great for an industry of this size to be able to develop collaborative solutions to industry problems.

There are also a range of areas where the working group seek further insight. Investment managers are invited to participate in a range of specific growth/defensive projects.

Please review the materials and make a submission. Your feedback will inform the working group and impact the final proposal. The final proposal will then be shared with APRA.

Consultations need to be received by Monday September 28, 2020. Please email consultations through to [email protected]

Resources

Click here to access a range of materials (papers, presentations, models and templates).

Collaborators

Debbie Alliston

AMP Capital Investors

David Bell

The Conexus Institute

Carol Lee

Australian Super

Tim Macready

Christian Super

Kirby Rappell

SuperRatings

Anna Shelley

Catholic Super; Equip Super

Scott Tully

Colonial First State

Ian Fryer

Chant West