Conservative Balanced News Today

Selecting an appropriate investment option for your superannuation is one of the most important things you can do.

Brighter Super is shuttering both of its responsible investment options, saying it is in the best interests of members. It comes as the fund streamlines its investment menu to offer just one set of options.

The industry fund is shuttering one of its Choice investment options that was recently highlighted by APRA as an underperformer.

Several superannuation funds that flunked the inaugural Your Future, Your Super test, are also failing Choice members, the latest APRA heatmaps reveal.