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As the likes of Crescent Wealth and Insignia Financial respond to the 2023 superannuation performance test results, the Financial Services Council (FSC) and Super Consumers Australia have said the government must still do more to ensure members in underperforming products are looked after.
Almost 100 of 800 investment options in the so-called “choice” market for superannuation failed the prudential regulator’s earnings and fees benchmark.
Of the 97 products to fail this year's superannuation performance test, 96 are trustee-directed products - 75% of which are issued by the same four trustees.
Today, the internment of Japanese Americans during World War II is a well-known part of history. But the hard reality nobody seems to talk about is that
We all want karma to be real. Not everyone believes that there is some supernatural force making sure the good are rewarded---but when we see somebody