Throw out relative performance tables: FinsiaBY MARK SMITH | THURSDAY, 11 SEP 2014 12:25PMThe way superannuation funds measure performance should be thrown out and replaced with a system which discourages short-termism and helps consumers think about their retirement pot as an income pool, rather than a pot of gold. Related News |
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David Woodall
CHIEF EXECUTIVE OFFICER, SUPERANNUATION
INSIGNIA FINANCIAL LTD
INSIGNIA FINANCIAL LTD
Facing his greatest test yet in metamorphosing MLC Super, Dave Woodall is adamant the juice will be worth the squeeze. Jamie Williamson writes.
I couldn't agree more. What needs to be thought of is the long term goals of the superannuant and how much risk do they: (a) need; (b) can they personally tolerate; (c) can their portfolio bear.
It is fine to be top of the tables, but how much risk should have been taken for the client, how much risk was taken to get these returns are very important questions.