Super industry hits A$1.28trn mark

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AUSTRALIA - The superannuation industry rose by A$93.2bn to a total of A$1.28trn ($1.26trn)in assets under management in the year to October, latest figures show.

Figures from the Australian Prudential Regulation Authority (APRA) revealed assets grew by 7.9% over the 12 months to 30 September 2010, with a rise of A$55.4bn (4.5%) in the third quarter alone th...

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