Australian Prudential Regulation Authority says too many Australians remain in underperforming funds – NEWS.com.au

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
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