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Hundreds of thousands of superannuation customers are losing out, staying in dud funds with high fees, according to the latest data from the industry's regulator.
APRA has released the results of its second performance test, revealing that a total of 5 funds have failed to meet the objective benchmark. APRA’s results showed 69 MySuper products have been ass
APRA has released the results of its second performance test, revealing that a total of 5 funds have failed to meet the objective benchmark. APRA’s results showed 69 MySuper products have been ass
The Australian Prudential Regulation Authority (APRA) has revealed that five funds have failed to meet the benchmark of its second MySuper performance test.
The prudential regulator has released the results of its second performance test with four funds having to close to new members after repeated failures.