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Australians have around $10 billion invested in dud superannuation products from funds such as Colonial First State and BT Retirement Wrap, APRA has found.
A host of Equity Trustees and OnePath options once again dominated the worst-performing and most expensive Choice products in APRA s newly published heatmap results.
But it will also tweak the test’s timeline to 10 years and improve the benchmarking in response to funds’ complaints as part of the Your Future, Your Super review.