Following anecdotal feedback that many of JUST’s 45,000 members were unaware of the upcoming successor fund transfer, an explanatory letter was sent to all of them last month, and this will be followed by more detailed information – in what Noonan said would amount to a product disclosure statement for the new fund – in May.
1 March 2008 00:00
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Investments
Ian Patrick, chief investment officer of the $370 billion Australian Retirement Trust, says that integrated balance sheet management will “beyond a shadow of a doubt” become a more prominent feature in the superannuation industry as funds grapple with the compounding effects of their growing size, systemic importance and the liquidity needs of servicing a larger cohort of retirees.
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