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NZ Super Fund adds board memberBY KARREN VERGARA | TUESDAY, 23 FEB 2021 12:42PM
The New Zealand Superannuation Fund has appointed a new board member to serve a five-year term.Read more: NZ Super Fund, New Zealand Superannuation Fund, Kirsty Mactaggart, Asia Pacific, Australia, BBRC Worldwide, Board of Guardians, Chair Catherine Savage, Citi, Europe, Fidelity, Hong Kong, Infratil, Korea, KPMG, London, Scotland, Singapore, Thailand
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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