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Defined benefit fund in SFTBY ELIZABETH MCARTHUR | FRIDAY, 23 APR 2021 10:46AM
A defined benefit fund with $77 million in funds under management is completing a successor fund transfer to a Mercer subplan.Read more: FMIC, Equity Trustees, Mercer Super Trust, AIA Australia, Corporate Superannuation Division, Factory Mutual Insurance Company Superannuation, Mercer Outsourcing, Mercer Superannuation, OneVue, SFT
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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