Brogden comments on APRA quarterly super results
|
|
Investor confidence will be strengthened by solid superannuation returns for the September quarter, according to Investment and Financial Services Association (IFSA) chief executive John Brogden.
Brogden said the Australian Prudential Regulation Authority (APRA) September 2009 Quarterly Superannuation Performance report, along with the latest IFSA CoreData investor sentiment survey, demonstrated that there would be a steady increase in the number of investors who believe the market for investments would improve in the next three months.
“The growth of total estimated assets by 10.6 per cent to a total of $1.2 trillion along with a combined rate of return of 9.4 per cent across sectors is also welcome news,” he said.
“The strong rate of return for retail funds at 10.4 per cent is pleasing to see. Significantly, the retail sector has outperformed some of the other industry sectors by as much as 2.3 per cent, a healthy lead by any measure.”
Recommended for you
The ongoing adviser shortage is a key driver behind advisers’ increased use of ETFs and managed accounts, according to an industry expert, fuelled by the need for cost and efficiency savings.
A business consultant believes there is a proven correlation between advice businesses that develop and commit to a clear business plan and those that see higher profit outcomes, but only when done correctly.
Advice technology solution intelliflo has launched an integration with fintech firm FAYBL to introduce AI capabilities across the intelliflo office offering to boost efficiency.
ASIC’s court case with Interprac is causing advisers to explore the possibility of self-licensing, according to My Dealer Services, as they observe the reputational damage it can bring to a practice.
