SuperTrace gains ERF authorisation
Commonwealth Bank-owned SuperTrace has gained eligible rollover fund (ERF) authorisation consistent with recent changes to superannuation legislation.
Confirming the authorisation, SuperTrace trustee chairman Harley McHutchison said he believed the authorisation had been underpinned by the underlying strength of the fund.
"Being one of the first ERFs to be granted authorisation is a testament to its solid and consistent performance," he said.
"SuperTrace's Capital Stable investment strategy has performed consistently well in some challenging investment markets, returning 5.8 per cent to members for year ended 30 June, 2013; 4.03 per cent for the preceding year and 7.03 per cent for the year ended 30 June, 2011," McHutchison said.
Recommended for you
The central bank has released its decision on the official cash rate following its November monetary policy meeting.
ASIC has cancelled the AFSL of a Melbourne-based managed investment scheme operator over a failure to pay industry levies and meet its statutory audit and financial reporting lodgement obligations.
Melbourne advice firm Hewison Private Wealth has marked four decades of service after making its start in 1985 as a “truly independent advice business” in a largely product-led market.
HLB Mann Judd Perth has announced its acquisition of a WA business advisory firm, growing its presence in the region, along with 10 appointments across the firm’s national network.
