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25 funds likely to fail new performance test, analysis shows – Investment Magazine
REST Super is among the funds likely to fall short of the government’s new performance benchmark even though its MySuper product also stands to be one of the major…
Twenty-five superannuation funds are at risk of failing the governments new SAA benchmark test, with some staring down the possible loss of their default fund status, an analysis of public Australian Prudential Regulation Authority data shows.
Of the 90 MySuper funds available on APRAs performance heatmap, 25 are currently underperforming benchmark similar to the one set out by the government in the Federal Budget by more than 50 basis points.
[Editor’s note: this analysis relies on APRA data…
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