Dud super funds face fresh crackdown
Aleks VickovichWealth editor
Superannuation funds face an annual performance test, public ranking by the Tax Office and the loss of an easy source of new members under a trio of shock budget measures designed to weed out bad eggs.
The government will also bolster the legal obligation of super fund trustees to act ethically and in the best interests of their members as part of measures it said would save members $17.9 billion.
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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
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