Government flags super performance test about-face
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Administration fees look set to be included in the prudential regulator’s annual superannuation performance test, with the government conceding dodgy providers could game the system as proposed.
The change would be a win for the super sector and could smooth the way through the Senate for the Morrison government’s priority Your Future, Your Super legislation.
Admin fees look set to be included in the Morrison government’s annual performance test for super funds.
Louie Douvis
Superannuation Minister Senator Jane Hume told
The Australian Financial Review the government had heard the message from stakeholders and while difficult, the change was not impossible.
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