Tag: superannuation performance test
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APRA Report Reveals Superannuation Performance Improvements Amid Concerns
The latest superannuation performance test results have been released by APRA, highlighting improvements but also flagging significant underperformance in trustee-directed products. Out of 563 products assessed, all MySuper products and most non-platform trustee-directed products passed the test for the year. However, seven platform trustee-directed products failed, indicating a decrease from the previous year’s failures. APRA…