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The New Daily
The New Daily
Rod Myer

Keeping super in a dud fund can cost a fortune

APRA Chant West ISA
Staying with a dud super fund will be a disaster in the long term. Photo: TND

Superannuation members could lose up to $225,000 by staying in dud super funds regardless of warnings from regulator APRA, new research shows.

A survey from Industry Super Australia (ISA) found that 850,000 fund members had stayed with 13 underperforming super funds after APRA’s first performance test results were released in 2021.

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