This week is the last opportunity for super funds to hold the consultants they turn to for everything from asset allocation to merger advice accountable for the services they provide, with Super Review’s survey into the sector closing this Sunday.
The survey would result in ratings of the major consultancy groups, in a move that some within both the super and consulting industries have said is sorely needed. Despite the reliance of funds on consultants, the level of transparency and review available on the service, pricing, and staff they offer is surprisingly lacking.
Please help us determine which consultants are the best at what by completing our survey here by Sunday. It will take under 10 minutes and individuals responses won’t be disclosed.
The results will be revealed both in the next print edition of Super Review, out on 11 July, and in an award at the Super Fund of the Year Awards in Melbourne in August.
A member of the super fund has approached ASIC to investigate potentially misleading or deceptive representations by UniSuper regarding the holdings of its sustainable portfolios.
The median growth fund delivered 1.9 per cent in March, adding to the “stunning” rally that has seen super funds gain 11 per cent since November.
Vanguard has affirmed its support for the current super performance test, emphasising the importance of keeping the process straightforward.
While some superannuation funds have gone down the route of internalisation, others say they favour ‘smart partnering’ with external managers for diversification appeal.
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