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Market wrapBY AAP | FRIDAY, 27 JUN 2014 1:05PM
The share market was slightly weaker at noon after falls on Wall Street overnight and poor spending data in the US provided negative leads.Read more: Tabcorp, Tatts shares, US, Wall Street, Economics, BHP, Bill Chatterton, Fortescue Metals, High Court, Morgans, Rio Tinto, Santos, Woodside Petroleum
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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