On the surface, industry funds have a lot in common. Not only have they outperformed retail funds, but they have also pioneered largescale investment in unlisted assets. Is that the secret to their success or is there more going on?
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APRA has released a ‘heatmap’ of MySuper superannuation funds designed to smoke out underperformers. We look at why it’s come about, and what insights it presents.
MySuper funds act as a default account for people who don’t choose their own super fund when they start a new job. They are designed to be simple, low cost and easy to compare.
The final report from the Royal Commission is likely to result in major change for the superannuation industry – both for super fund members and for trustees and executives managing the large super funds.
The Royal Commission’s 9 recommendations for super including trustees’ obligations, selling superannuation, nominating default funds and regulation.