Superannuation

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.