Industry Super Australia (ISA) has called for the implementation of a more accurate way of measuring performance of superannuation funds. But your super fund mightn’t look so attractive if the test was applied across the industry.
Regulator APRA has waved through 96.9 per cent of superannuation assets as meeting its new performance standards, calling out only five funds as underperformers in 2022. That follows 13 dud funds in the first year of the test in 2021.
