Australia’s five worst super funds revealed
Michael ReadEconomics correspondent
Five super funds representing 603,000 members and $27.8 billion in assets have failed the prudential regulator’s second-ever annual performance test.
The largest fund to fall foul of the annual assessment – for a second straight year – was the Westpac-owned BT Super MySuper product, which has $21.2 billion in assets. BT is now banned from accepting new members into this product.
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