Published: December 09, 2019
Westpac arm BT found to be consistently delivering substandard returns to members of MySuper funds
People with less than $10,000 in their superannuation accounts are losing as much as 4.4% of their already modest savings to fees charged by fund administrators, new data from the prudential regulator shows.
A heatmap published by the Australian Prudential Regulation Authority on Tuesday also reveals Westpac arm BT is consistently delivering substandard returns to members of MySuper funds.
Continue reading...from The Guardian https://ift.tt/356Ma57
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