Worst performing superannuation funds exposed by APRA 'heatmap'
By Charlotte Grieve
December 10, 2019 — 5.14pmOne AMP fund and a host of smaller corporate and industry super funds are likely to come under increasing pressure to merge, restructure or close after being outed as poor performers by the financial stability regulator.
In what has been coined "D-day for dud funds", the Australia Prudential Regulatory Authority's "heatmap" analysis of the worst-performing super funds was released Tuesday. It comes amid mounting pressure for transparency in the industry that has been accused of fostering chronically defective funds with opaque fee structures and uncertain returns.
The regulator's analysis highlighted funds with dwindling member numbers and net cash outflows. AMP's NM Super was outed as the least sustainable fund with a 17.35 per cent decline in account numbers and negative cash flow of 9.66 per cent over a three years to June 30, 2019.
- Forums
- ASX - By Stock
- AMP
- AMP bottoming ?
AMP bottoming ?, page-4
-
- There are more pages in this discussion • 89 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AMP (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.33 |
Change
0.003(0.19%) |
Mkt cap ! $3.425B |
Open | High | Low | Value | Volume |
$1.32 | $1.33 | $1.32 | $546.2K | 413.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
25 | 114995 | $1.33 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.33 | 88301 | 21 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
26 | 93290 | 1.325 |
19 | 288690 | 1.320 |
18 | 318070 | 1.315 |
10 | 73383 | 1.310 |
12 | 180231 | 1.305 |
Price($) | Vol. | No. |
---|---|---|
1.330 | 83394 | 16 |
1.335 | 636691 | 23 |
1.340 | 408214 | 33 |
1.345 | 99417 | 14 |
1.350 | 962558 | 69 |
Last trade - 10.46am 18/09/2024 (20 minute delay) ? |
Featured News
AMP (ASX) Chart |