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Vanguard backs current performance test

Vanguard has endorsed the current performance test methodology in a submission to Treasury, championing its effectiveness in eliminating underperforming investment options and improving member outcomes.

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OnePath cops $5m fine over fees for no service

The Federal Court has imposed a $5 million penalty on OnePath Custodians for unlawfully deducting adviser service fees from members.

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OnePath Custodians receives $5m penalty for fees for no service

OnePath Custodians receives $5m penalty for fees for no service
superreview.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from superreview.com.au Daily Mail and Mail on Sunday newspapers.

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Ninety-seven super products fail performance test

Of the 97 products to fail this year s superannuation performance test, 96 are trustee-directed products - 75% of which are issued by the same four trustees.

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Australia s APRA: Only 1 default fund fails third annual performance test

Australian Prudential Regulation Authority said only one default super fund failed its third annual performance test, but over 90 participant-chosen options fell short.

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