Bond fund proposed to park super

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AUSTRALIA - The creation of a bonds fund, supported by deferred payments from the Higher Education Contribution Scheme (HECS), would provide a secure long term asset for superannuation funds, according to Universities Australia.

Universities Australia chief executive Dr Glenn Withers mooted the plan in which deferred payments into HECS would be securitised, and government bonds issued by Treasury, to create a HECS Fund to ...

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