POWERED BY MOMENTUM MEDIA
Single representative body for super
The Australian superannuation industry should be represented by a single body rather than a range of organisations, according to the latest IUS/Super Review survey.
The survey, conducted through April and May, asked respondents whether they believed the super industry should be represented by a single, over-arching body such as the Association of Superannuation Funds of Australia or the Investmentand Financial Services Association. Nearly three-quarters of respondents (72.5 per cent) argued for a single representative body.
The survey, published on page 24 of June 2007 Super Review, also suggests that the Government and some major superannuation industry organisations may have misjudged their constituencies by abandoning policy proposals that would see an eventual lifting in the superannuation guarantee beyond the present 9 per cent.
The survey revealed a strong belief that people should be encouraged to build on their retirement savings by both ‘soft compulsion’ and by an increase in the level of the superannuation guarantee.
AUTHOR
Mike Taylor
Recommended for you
The super fund has significantly grown its membership following the inclusion of Zurich’s OneCare Super policyholders.
Super balances have continued to rise in August, with research showing Australian funds have maintained strong momentum, delivering steady gains for members.
Australian Retirement Trust and State Street Investment Management have entered a partnership to deliver global investment insights and practice strategies to Australian advisers.
CPA Australia is pressing the federal government to impose stricter rules on the naming and marketing of managed investment and superannuation products that claim to be “sustainable”, “ethical”, or “responsible”, warning that vague or untested claims are leaving investors exposed.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
76.97 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
76.46 3 y p.a(%)
3
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
51.13 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
45.15 3 y p.a(%)
5
Select Baker steel Gold Institutional
43.78 3 y p.a(%)
