Prudence under Pressure
20 Pages Posted: 1 Jun 2009
Date Written: February 27, 2009
Investment markets have been volatile in recent times and the investment practices of super fund trustees are coming under increasing scrutiny. The law requires that trustees exercise the care and skill of a prudent person in the exercise of their investment powers, and that they formulate an investment strategy that has regard for the circumstances of the fund. What does this mean in the context of volatile markets and current investment practices?
Keywords: retirement security, investment practices of super fund trustees
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