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(April-2002) Funds move to monthly performance reporting
MEMBERS’ demand for more frequent information about their fund’s performance is starting to be met, with 38 per cent of employer super funds providing monthly investment performance reports on their Web sites, according to recent research by Rainmaker Information.
Rainmaker Information’s director of research Alex Dunnin says 31 employer super funds — which include corporate, government and industry funds — provide monthly investment performance information.
“While September 11 events may have sparked a surge in interest in investment performance from fund members, the reality is that employer funds were already beginning to report their performance more frequently than just in their annual report,” he says.
“Importantly this investment performance information covers 38 per cent of members of employer funds, with industry funds the most open sector providing monthly information to 47 per cent of their membership.”
AUTHOR
Zilla Efrat
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