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Aussie instos among most responsible investorsBY HARRISON WORLEY | WEDNESDAY, 24 APR 2019 12:04PM
Two major Australian institutional investors are among the world's most responsible asset allocators, according to a new report.Read more: New America, AustralianSuper, VFMC, Commonwealth Superannuation Corporation, ESG, Government Pension Investment Fund, HESTA, QIC, QSuper, Victoria Funds Management Corporation
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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