A final pocket of light is that Australian super funds are at least saying the right thing: their liabilities are generally very long term, notwithstanding short-term problems due to switching and currency hedges, and this is a great buying opportunity. They will be investing again soon, really. å
01/12/2008
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Opinion
There is broad consensus in industry and Canberra that the collapses of the Shield and First Guardian master funds – and failures that led to them – demand a regulatory response. But getting that response wrong could create an uneven playing field in the industry and some counterproductive consumer outcomes.
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