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Australian Prudential Regulation Authority says too many Australians remain in underperforming funds – NEWS.com.au
Australian Prudential Regulation Authority says too many Australians remain in underperforming funds
The prudential regulator has warned too many Australians remain in underperforming super funds despite it and the government putting poor nest eggs on notice.In a speech on Monday, Australian Prudential Regulation Authority deputy chair Helen Rowell said funds had been able to cope with the onslaught of COVID-19 but too many members remained in accounts where fees were too high and returns below average.
“The pandemic and the associated expansion of early access arrangements presented major
op…
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