The latest issue of Financial Standard now available as an e-newspaper
Super fund adds industry veteranBY JAMIE WILLIAMSON | WEDNESDAY, 6 NOV 2019 12:48PM
An $8 billion government superannuation fund has welcomed the former country head of Franklin Templeton to its board of directors.Read more: APSS, Australian Centre for Financial Studies, Australia Post Superannuation Scheme, Breast Cancer Foundation, CFA Institute, CFA Society, ESS Super, Franklin Templeton Australia, Funds Management Corporation, Jim Marshall, Maria Wilton, National Diversity Council, Queensland State Investment Advisory Board, Rothschild Australia Asset Management, Westpac, WorkSafe Victoria
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.
|Brought to you by|
|Keep up to date, don't be the last to know! Get the Financial Standard Daily Newsletter.|