Super returns head north
After two consecutive years in negative territory, Australian superannuation fund returns appear set to end the year in positive double digits, according to the latest data released by Sydney-based ratings house Super Ratings.
According to the Super Ratings data, with only three months remaining in the 2010 financial year and with the Australian share market continuing as a drive force, returns might end the 12-month period as high as 14 per cent.
However, this followed the negative 6.4 per cent recorded in 2008 and the negative 12.9 per cent recorded last year.
The Super Ratings data revealed that returns for the median balanced option improved by 2.90 per cent in March, by 1.62 per cent in the March quarter and by 13.95 per cent for the 12 months to the end of March.
Recommended for you
After seven years at the company, Iress’ chief technology officer for wealth management APAC, Anthony Gerrits, has departed as the firm commences a search process to fill the role.
With advice firms thinking about scaling up in 2025, research has detailed the main avenues financial advisers say they have used for successful recruitment.
The board of Insignia Financial has reached a decision regarding the possible acquisition of the firm by US private equity giant Bain Capital.
Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses.