This week is the last opportunity for super funds to hold the consultants they turn to for everything from asset allocation to merger advice accountable for the services they provide, with Super Review’s survey into the sector closing this Sunday.
The survey would result in ratings of the major consultancy groups, in a move that some within both the super and consulting industries have said is sorely needed. Despite the reliance of funds on consultants, the level of transparency and review available on the service, pricing, and staff they offer is surprisingly lacking.
Please help us determine which consultants are the best at what by completing our survey here by Sunday. It will take under 10 minutes and individuals responses won’t be disclosed.
The results will be revealed both in the next print edition of Super Review, out on 11 July, and in an award at the Super Fund of the Year Awards in Melbourne in August.
Super funds had a “tremendous month” in November, according to new data.
Australia faces a decade of deficits, with the sum of deficits over the next four years expected to overshoot forecasts by $21.8 billion.
APRA has raised an alarm about gaps in how superannuation trustees are managing the risks associated with unlisted assets, after releasing the findings of its latest review.
Compared to how funds were allocated to March this year, industry super funds have slightly decreased their allocation to infrastructure in the six months to September – dropping from 11 per cent to 10.6 per cent, according to the latest APRA data.