Business
Eight super trustees investigated as 11 dud funds exit – The Australian Financial Review
Super trustees are being investigated over possible failures in their obligations to members over underperforming products.
However, the news is not all positive, APRA deputy chairwoman Helen Rowell said. In particular, we are concerned that some funds identified as the poorest performers 12 months ago remain in that position today.
The latest report revealed six products were considered significant underperformers, returning results at least 0.75 per cent per annum below the industry benchmark on average over six years.
Among that group were Colonial First States FirstChoice, BTs MySuper, Westpac Group Plan MySuper…
-
Noosa News9 hours agoShocking moment Bradley Donald Towle arrested after Bruce Hwy rampage and shooting on Sunshine coast
-
Noosa News16 hours agoMollie O’Callaghan admits to doubts, wins gold at Australian Open Swimming Championships
-
General9 hours agoNSW Police to provide update on Sydney woman’s kidnap from Bankstown home and killing
-
General22 hours agoFounder Schwab quits as World Economic Forum chair