$20,000 boost to Aussies’ super savings

Superannuation reforms have lowered the number of dud funds available and cut their fees by 20 per cent on average, a submission by the Grattan Institute has found.

by | Oct 31, 2022

Superannuation is changing from 1 November: What you need to know

The Your Future, Your Super reforms brought in an annual performance test, requiring dud super funds to notify their members if they perform badly.

Products that fail the test for two years in a row are not able to accept new members until their performance has improved or they merge.

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