Thanks for logging in.

You can now click/tap WATCH to start the live stream.

Thanks for logging in.

You can now click/tap LISTEN to start the live stream.

Thanks for logging in.

You can now click/tap LATEST NEWS to start the live stream.

LISTEN
Watch
on air now

Create a 4BC account today!

You can now log in once to listen live, watch live, join competitions, enjoy exclusive 4BC content and other benefits.


Joining is free and easy.

You will soon need to register to keep streaming 4BC online. Register an account or skip for now to do it later.

Advertisement
Advertisement
Advertisement

APRA identifies worst super performers

Article image for APRA identifies worst super performers

The prudential regulator has published a “heatmap” of the superannuation industry, assessing the returns and fees of the funds.

The Australian Prudential Regulation Authority has colour coded the map, with red showing lower performance and higher fees, assessing a range of MySuper products.

For disclosed fees on MySuper account balances of $10,000, the worst performers included BEST Superannuation, First Super, IAG and NRMA.

Australian Prudential Regulation Authority Deputy Chairman Helen Rowell tells Ross Greenwood the map should be beneficial to consumers.

“This should not be used by members as the only source of information in choosing a MySuper product.

“It’s really meant as a starting point for asking some questions and exploring a bit further.”

Click PLAY below to hear the full interview

Image: Getty/Nora Carol Photography

Deborah Knight
Advertisement