December 07th, 2014
Impact investment was singled out in the final report of the FSI as an area that needs to be given greater attention. Recommendation 32 called for ways to facilitate development of the impact investment market and encourage innovation in funding social service delivery.
Recommendation 32 called for ways to facilitate development of the impact investment market and encourage innovation in funding social service delivery.
FSI chair David Murray also called for guidance to be provided to superannuation trustees on the appropriateness of impact investment.
The report said that impact investing, which is growing in prominence globally, allows investors to pursue opportunities that provide both social and financial returns thereby benefitting government and taxpayers.
By Mark Smith (The Financial Standard)
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