Discussing immigrant bonds, amidst the challenging hot potato of economic migration and refugees…and how the Australian pensions (superannuation) industry can work with SIBs…
Can Social Investment Support Britain’s Approach To Refugees?
Simon Rowell – Pioneers Post
What is encouraging from my investigation is that there are already emerging examples of innovative financing approaches used to address challenges of vulnerable migrants, some currently being deployed in the social investment market in the UK, but also by our international colleagues.
For instance, in Canada the Immigrant Access Fund that guarantees loans to migrants to seek accreditation for higher qualifications they would have held in their home country to seek higher wages and better contribute to their new country. In Belgium, a social impact bond is matching retirees with 18-30 year old migrants to provide them with informal connections to better find employment prospects. In the UK, Commonweal Housing has used social investment to purchase housing for migrants with insecure immigration status and no recourse to public funds.
Legal Aspects To Making An Impact
Maged Girgis – Investment Magazine
With the size of Australia’s superannuation industry reaching over $2 trillion, and some of the larger funds exceeding $50 billion, the superannuation industry is showing a steadily growing interest in the benefits of social impact investing.
That is not to say that the interest in social impact investing is restricted to Australia. Rather, over the past 10 years, there has been a steadily growing interest in the benefits of social impact investing globally.
In addition to social impact bonds, there is also a range of other forms which social impact investing can take. For example, other options that have been piloted in other countries include social and affordable housing projects, restructuring government procurement contracts and the establishment of investment funds to back social opportunities.