2 June 2009 05:23
Because of that balance, security will never be 100per cent. You don’t want to have it so tight so that it inhibits the member from doing what they want to do.”The federal minister for superannuation,Nick Sherry, said the balances of members of super funds regulated by APRA were safe.
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In an environment where markets are becoming ever more concentrated, the $21 billion Team Super is happy to wear plenty of active risk from its managers and won’t use overlays to make up for underperformance.
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