per cent

Investment Strategy

Industry decries opposition on LICS

Former Australian Institute of Superannuation Trustees chief executive and long-time superannuation advocate, Fiona Reynolds, has criticised the recent outcry over the Labor government’s proposal to increase tax on superannuation earnings for higher income earners. The proposal has led to fierce debate in Parliament and industry, with Labor being accused of “class warfare” in the House […]
Investment Strategy

Chant West: average Australian fund to make loss

Chant West, the asset manager analyst, expects the average Australian superannuation fund to have a loss this year. The Sydney-based firm expects the median so-called growth funds to have on average a three per cent loss in 2011. Chant West defines a “median growth” fund to have between 61 per cent and 80 per cent […]