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The recent surge in equities should see MySuper products return an average of 9% for FY23, according to Rainmaker Information - a finding supported by those funds that already released figures.
Following a review of its investment menu, BUSSQ opted to close two of its options last month.
Hostplus is closing its infrastructure and property investment options, redirecting roughly $300 million in assets to balanced options. At the same time, it's introducing six new investment options, two of which are indexed.
Rainmaker Information research shows that investors in exchange-traded products (ETPs) have struggled to consistently beat market returns.
Two industry super funds have frozen future contracts with PwC, while others with contracts for audit or other services with the embattled management consultancy are keeping a watchful eye on developments.