Powered by MOMENTUM MEDIA
moneymanagement logo
 
 

$4.3 million rollover

industry-super-funds/cent/

4 August 2008
| By Sara Rich |

A new superannuation rollover campaign from AUSfund has resulted in $4.3 million being redirected to a number of retail and industry super funds.

The eligible rollover fund (ERF) targeted the largest account holders in its database of unclaimed super for permission to rollover their funds into active accounts.

The mail-based campaign received a response rate of 8.81 per cent, with the single largest transfer being $202,600.

The campaign took seven weeks to complete and AUSfund intends to conduct a similar exercise in 12 months time.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

1 week 2 days ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

1 month ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

1 month 1 week ago

AMP has settled on two court proceedings: one class action which affected superannuation members and a second regarding insurer policies. ...

2 days 6 hours ago

ASIC has released the results of the latest adviser exam, with August’s pass mark improving on the sitting from a year ago. ...

1 week 5 days ago

The inquiry into the collapse of Dixon Advisory and broader wealth management companies by the Senate economics references committee will not be re-adopted. ...

2 weeks 5 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND