This
compares with the 10 per cent who regarded the performance of their fund as a
little better than expected and the 3 per cent who saw it as much better than
expected. Overall, however, 42 per cent of respondents were fairly satisfied,
and 14 per cent very satisfied, with the performances of their funds. Patterson
said this outcome was probably due to a consistent message from funds and
government, emphasising long-term. “Communication is a part of the response.
But if [the downturn] is prolonged, you need a solution in the long-term,”
Patterson said. See ‘Providing your members the ultimate comfort’, page 26.
9 December 2008 04:56
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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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