Assistant Minister for Superannuation Jane Hume has slammed the $2.9 trillion superannuation industry for its "complacency and inertia,” saying poorly-performing funds have “no place to hide” and that small funds should consider merging.
Young Australians are “overwhelmingly grateful” for their superannuation, despite many not making an active decision to join a fund or select an investment strategy, research reveals. The 2014 Net Promoter Score Survey (NPS) revealed very little statistical difference between the levels of regret on super of younger versus older Australians, demonstrating a high level of […]