AUSTRALIA - Australia's biggest Super funds have returned an average of just 4.5% a year over the past decade as a result of the global credit crisis, figures reveal.
Research by SuperRatings found the majority of funds earned a median of almost 11% in the year to June 30, although fee payments would ensure that most members receive under 10% for the 2009/10 financial...
AUSTRALIA - The A$36.1bn ($38.6bn)Victorian Funds Management Corporation (VFMC) has reported overall of 3.63% Q1 and an annual return of 8.43%.
UK/AUSTRALIA - The Responsible Investment Association Australasia (RIAA) is to meet with UK fund managers today to discuss how they can meet the growing demand for responsible investment strategies from superannuation funds.
Rachel Alembakis looks at how Australian schemes are reducing the impact of taxation on investment returns.
AUSTRALIA/CANADA - The Canada Pension Plan Investment Board (CPPIB) has bid A$3.5bn (US$3.1bn) for Macquarie-backed Australian toll road operator Intoll Group.
AUSTRALIA - An independent and sweeping review into Australia's trillion dollar superannuation system has called for the creation of a new industry-wide default option and puts greater emphasis on governance for superannuation trustees.