A handful of large industry superannuation funds have passed the prudential regulator’s inaugural superannuation performance test with flying colours, and just one retail fund has featured in the top 10.
UniSuper’s balanced offering was the top-scoring default product in the Australian Prudential Regulation Authority’s (APRA) superannuation performance test in August, outperforming its net investment return benchmark by 1.5 percentage points.
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Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
