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Future Fund adds super fund chairBY JAMIE WILLIAMSON | WEDNESDAY, 26 MAY 2021 12:38PM
The chair of the Commonwealth Superannuation Corporation has joined the Future Fund's Board of Guardians.Read more: Commonwealth Superannuation Corporation, Future Fund, Josh Frydenberg, Michael Wachtel, Patricia Cross, Aviva, Erin Flaherty, Jane Wilson, Macquarie Group, NAB
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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