Accumulate Plus Balanced News Today

Minister for superannuation Jane Hume has lauded the governments YourSuper comparison tool as a success, with one million visits.

In another year of lockdowns and uncertainty, Financial Standards most read stories show all eyes were on the changing nature of the superannuation sector.

The annual MySuper heatmap shows 45% of products delivered returns below benchmark this year but there are few surprises, with most being the same products that failed the performance test. The regulator has also shared which funds came close to failing the test.

The super industry says plans for a nationalised fund could put Australian pensions at risk of becoming a "political plaything".

After a period of media scrutiny following its failure of the inaugural APRA performance test, EISS Super has faced a parliamentary committee, facing tough questions over the test result and its sponsorship deals.