Superannuation

AUSTRALIA - Total estimated assets held by superannuation funds grew by A$114.5bn (US$104.7bn) to a total of A$1.2trn, an increase of 10.6%, data by the Australian Prudential Regulation Authority (APRA) revealed.

In recent times structured products have increasingly grown more attractive to Australian superannuation funds - a trend that is set to contune, as Rachel Alembakis reports

AUSTRALIA/NEW ZEALAND - AXA Asia Pacific Holdings (AXA AP) has rejected an A$11bn (US$10.2bn) acquisition offer by Australian financial group AMP claiming it undervalued the company.

Nearly 90% of plan sponsored surveyed this month believe the pension provisions offered by their scheme is adequate for pensioners.