How changes to superannuation in 2023 helped deliver you a higher balance
Make sure you are in a well-performing super fund now that new rules apply, writes Rod Myer.
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Make sure you are in a well-performing super fund now that new rules apply, writes Rod Myer.
Lack of familiarity of how the retirement system works is leaving many worse off, a new study has found.
Periods of volatility on markets leads some fund members to switch super investment options, usually with poor results.
The extension of performance tests to a wide range of choice superannuation products has revealed that 12 per cent of the products on offer to the public have underperformed, according to prudential supervisor APRA.
The total number of choice products failing the test was 96 and these covered 60,000 individual accounts.