Number of underperforming super funds reduced and fees cut under Coalition reforms, thinktank finds

Grattan Institute urges Albanese government to retain strict criteria and annual performance tests

• Get our morning and afternoon news emails, free app or daily news podcast

The Coalition’s last round of superannuation reforms has already reduced the number of underperforming funds and cut their fees by an average of 20%.

That is the conclusion of a Grattan Institute submission to the Albanese government’s review of the Your Future Your Super reforms, which urges it to retain a strict test for underperformance and improve the process for selecting default funds.

Sign up for our free morning and afternoon email newsletters from Guardian Australia for your daily news roundup

Continue reading...

from World news | The Guardian https://ift.tt/mLDTOed