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Alphinity wins AMP Capital mandateBY ALEX BURKE | MONDAY, 14 SEP 2015 12:38PM
AMP Capital has awarded holdings from its AMP Capital Fundamental Long Short Fund to Alphinity Investment Management's Alphinity Australian Share Fund.Read more: Alphinity Investment Management, Alphinity Australian Share Fund, AMP Capital Specialist Australian Share Fund, Financial Standard, Ironbark Karara, Multi-Asset Group, Perennial Value, Port Hedland International Airport, Schroders, Tanya Debakhapouve
In a year the average fund posted over 18% in returns, CommBank's Essential Super was the top one-year performer.
Superannuation funds can expect their results in the first performance test by August 31 under the new Your Future, Your Super reforms, according to an APRA letter sent Friday.
The Federal Court found that RI Advice Group's failure to provide rigorous oversight over a former financial adviser resulted in bad advice to consumer detriment.
Member of Parliament Tim Wilson will lead the charge to determine if big super's domination over the Australian sharemarket is stifling competition.
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