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Stapling will benefit Hostplus: David EliaBY KANIKA SOOD | WEDNESDAY, 19 MAY 2021 12:44PM
Hostplus chief executive David Elia said the government's stapling proposal would be good for the industry fund even if it may not be the right thing, at the Conference of Major Superannuation Funds this morning.Read more: ERS, Hostplus, Conference of Major Superannuation Funds, David Elia, UniSuper, Dascia Bennett, Kevin O'Sullivan, SA Super, Scott Pape
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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