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Super funds hunt for co-investment dealsBY KARREN VERGARA | TUESDAY, 25 MAY 2021 12:09PM
Superannuation funds' appetite for alternative investments, particularly private equity and infrastructure, is heating up, new research shows.Read more: Preqin, AustralianSuper, Aware Super, Ee Fai Kam, Financial Standard, UniSuper, Yasser El-Ansary
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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