Renewed calls for risk-adjusted returnsBY KARREN VERGARA | MONDAY, 12 AUG 2019 11:21AM
The endemic use of headline returns to pit a superannuation fund's performance against another has renewed calls for a fairer, like-for-like comparison that focuses on risk as the key metric.Read more: MySuper, Rainmaker, Robert, APRA, EISS Super, Hostplus, Media Super, Productivity Commission, Alex Dunnin, Cbus, ESSSuper, Leeanne Turner, Maritime Super, Monash University, MTAA Super, Peter Robertson, UniSuper, WA Super
Australia's superannuation sector is fighting a war on three different fronts, as the economic fallout of COVID-19 continues to bite.
Significant hikes in group insurance premiums have been put down to the Protecting Your Super reforms - with members of four superannuation funds facing premium increases of 34%.
APRA has asked superannuation funds to submit their in-house modelling on the magnitude of impact they are expecting from the Federal Government's special allowance for early release from superannuation.
Zenith Investment Partners wants to reverse out of its planned $12 million purchase of Chant West's superannuation business, saying the latter has been materially affected since February, but Chant West is digging its heels in.
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