Investment governance, markets react to you-know-who, what part can AI play in HR? Plus all the news and views you expect from your friendly Mayflower team...
Another week with lots in the news! The recent introduction of tariffs by Trump is of course impacting superannuation balances. The S&P/ASX 200 index lost $34 billion in value after a $25 billion drop on Tuesday. We found a good summary of the issues for pre-retirees/retirees in the SMH. Feel free to send it to anyone you know who's looking a bit worried.
In other news, we had a great turnout at the ASFA National Legislation Discussion Group on Monday with guest speaker Jon Ireland, discussing investment governance. A couple of key points I took away - funds need a standard approach/policy for private capital to make sure all the basics are covered, and there's quite a lot of dry powder (funds ear-marked for investment but not actually invested) so private markets won't be cooling down any time soon.
And finally, for something different, a deep dive from McKinsey & Company into how AI could be used to improve employee management and engagement. Even if you only manage a couple of people or even just yourself, it's fascinating to see what the 'HR of the future' could look like.
Cheers
Sarah
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CREW Webinar - Tuesday, 1 April from 1-2pm via Zoom.Topic is Anti-Money Laundering with Alice Molan, Partner and Laura Newton, Senior Associate from Herbert Smith Freehills. If you are already a CREW member, register here. If you're not yet a CREW member, sign up! - women only, sorry blokes
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ASFA National Legislation Discussion Group: Monday, 14 April at 1-2pm via Zoom. Topic is "Fund expenditure requirements under updated SPS 515 and APRA scrutiny” with guest speaker Simun Soljo, Partner at Allens. Registration details to come.
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A NEW OPERATING MODEL FOR PEOPLE MANAGEMENT
More personal, more tech, more human - McKinsey & Company
Organisations need a new way to manage their most important assets- their people. With tech advances, hybrid work, diverse workforces and global challenges, leaders are rethinking how to attract, develop and retain employees. A strategic, collaborative, flexible and data-driven management system is key. Read more here.
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