Insto roundup: UK coal pension unveils A-share managers; NPS restructures investment division
China's NSSF reports 15.5% return for 2019; GPIF and TCorp buy stake in Brussels Airport from Ontario Teachers; Korea's NPS shakes up alternatives division; GIC seeks to sell Spanish logistics park; Temasek seeks joint-bid for elevator unit of troubled company and more.
AUSTRALIA
The superannuation funds of Australia may soon be forced to hold billions of dollars in capital as they exceed the country's bank sector in terms of capital, according to consultancy Rice Warner.
The firm said the capital requirements will become legislated as the industry, which is forecast to swell to $4.8 trillion by 2034, buys more so-called strategic assets particularly in financial services. Founder and executive director Michael Rice said trustees should ensure…
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