Superannuation Minister Jane Hume says "there is nowhere to hide" for dud retirement savings funds after the prudential regulator identified 19 MySuper products holding $70 billion in assets as underperformers.
The Australian Prudential Regulation Authority on Tuesday released analysis of which funds in the $760 billion MySuper system are performing below a range of benchmarks.
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Joanna Mather joined the AFR as an education reporter in 2008. She spent four years in the Canberra press gallery before becoming superannuation reporter in 2016, deputy news director in 2021 and wealth editor in 2023. Connect with Joanna on Twitter. Email Joanna at jmather@afr.com
Aleks Vickovich leads the Financial Review's coverage of wealth management, specialising in the business and regulation of investment markets, financial advice and superannuation. Email Aleks at aleks.vickovich@afr.com
