Time to call out super fund underperformance

Rainmaker Information

While the 2020 Commonwealth Budget announcements of a super fund performance test and new legislation to increase scrutiny on super fund trustees has been criticised by some superannuation industry advocates, research by Rainmaker Information shows that there is an underperformance challenge that needs to be confronted.

Rainmaker's 2020 Superannuation Benchmarking Report revealed that across several major asset classes, super funds continue to struggle to match asset class indexes.

This has led to calls by some market

/Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).