The RBA is not a law unto itself — an external review would be good for it theconversation.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theconversation.com Daily Mail and Mail on Sunday newspapers.
Wilson asked of the funds and companies to complete a table for the average return on all their investments over the past five years.
Indicative of the general tenor of answers provided to Wilson was that provided by Colonial First State which for 2019/20 revealed negative outcomes ranging from 7.10% for Commonwealth Essential Super to somewhat more palatable outcome of negative 0.30% for the company’s Encircle superannuation fund.
This compared to Fiducian reporting an average negative return of 1.3% for 2019/20, well down on the 9% reported in 2017/18.
These sorts of results compared to a positive 0.2% reported to the Australian Prudential Regulation Authority (APRA) by AustralianSuper and negative 2% reported by Hostplus.
Wilson s probing questions confirm super negativity moneymanagement.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneymanagement.com.au Daily Mail and Mail on Sunday newspapers.
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National Australia Bank Ltd(ASX: NAB) is seeing clear and widespread signs of businesses recovering from the coronavirus pandemic that drove last year’s recession.
NAB’s CEO Ross McEwan shared the news in his opening statement to the House of Representatives’ Standing Committee on Economics this morning.
Business owners and investors can now be reassured that the CEO of Australia’s largest business bank believes the country’s recovery is even better than he expected it to be.
ASX investors can rejoice, NAB affirms Australia’s recovery
McEwan told the House of Representatives that businesses will be the most important factor in Australia’s recovery.