Superannuation
The Australian Prudential Regulation Authority has sent a clear message to superannuation funds that it is prepared to name and shame underperformers, with three funds already in its sights.
Super Review had a look at the returns of some of the biggest superannuation players and found that there’s little to support the traditional industry versus retail divide, at least amongst MySuper options.
For all the fuss about scale in the super industry, new data has shown that members in some of the top funds’ MySuper options saw limited differences in returns regardless of the provider’s size.
Consistency has seen mid-sized funds come out on top in the first round of the newly launched Superannuation Fund Crown Ratings, a quantitative rating system launched by data company, FE.
The Australian Prudential Regulation Authority has pointed to the need for legislative change before it can act on some of the key recommendations of the Royal Commission.
