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Women-led super funds outperformBY KARREN VERGARA | MONDAY, 8 MAR 2021 12:23PM
New research shows superannuation funds with females holding an executive position continue to outperform male counterparts.Read more: Rainmaker, Aware Super, Australia, CareSuper, Commonwealth Superannuation Corporation, HESTA, Media Super, TASPLAN, Alex Dunnin, APRA, Australian Defence Force Super, AustralianSuper, BUSSQ MySuper, Cbus, Challenger, Club Plus, Energy Super, ESSSuper, Guild Super, Hostplus, NGS Super Accumulation, Pooja Antil, REI Super, Statewide Super, TelstraSuper, Telstra Super, Vision Super
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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