The corporate regulator is urging people with self-managed superannuation funds with balances below $500,000 to think carefully about whether they might get better returns in an industry or retail fund.
ASIC Commissioner Danielle Press said the regulator has previously looked closely funds below $200,000.
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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
