SuperTrace gains ERF authorisation
Commonwealth Bank-owned SuperTrace has gained eligible rollover fund (ERF) authorisation consistent with recent changes to superannuation legislation.
Confirming the authorisation, SuperTrace trustee chairman Harley McHutchison said he believed the authorisation had been underpinned by the underlying strength of the fund.
"Being one of the first ERFs to be granted authorisation is a testament to its solid and consistent performance," he said.
"SuperTrace's Capital Stable investment strategy has performed consistently well in some challenging investment markets, returning 5.8 per cent to members for year ended 30 June, 2013; 4.03 per cent for the preceding year and 7.03 per cent for the year ended 30 June, 2011," McHutchison said.
Recommended for you
E&P Financial Group, former parent of Dixon Advisory, has formally requested to delist from the ASX, with the company noting the negative impact of regulatory proceedings on its share price.
Commentators have discussed how value for money is becoming more critical than ever as licensee fees rise and failure by an AFSL to provide this is driving them to self-licensing.
The final terms of reference for the Dixon Advisory inquiry have been released by the Senate economics references committee, and advisers have just over five weeks to make their submissions.
Financial advisers are in the running to win one of the coveted Women in Finance Awards 2024.