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Following on from the news that it would now be home to Spaceship Super, OneSuper will further bolster its funds under management through the transfer of another sub-plan, home to several super products.
Barefoot Investor says Aussies should be concerned if their retirement nest egg is sitting in an underperforming fund named and shamed in the regulator's report.
Apra analysis shows improvement on last year but 44% of so-called ‘choice funds’ is generating returns below expectations
The regulator has placed additional conditions on the trustee's RSE licence, flagging serious concerns with Diversa's ability to manage risks and deliver quality outcomes for members.
Professional Super will soon change the way its funds are invested, in a move expected to improve member outcomes. It will also introduce a loyalty program to help members save on fees.