Skip to Main Content
 
Confused woman copy resized for web
Media Releases

Gaming of government super test leaves members worse off

  Published: 16 Nov 2022

Dud super funds manipulate fees and reclassify investment assets to lower the hurdle they must clear on a government super test, new analysis shows.  

Industry Super Australia (ISA) analysis of the of the Your Future Your Super test results shows many poorly performing super funds shifted assets to categories with lower benchmarks and exploited a fee loophole that boosted their test score but did not reduce fees overall or increase investment returns to members.

In two years of benchmarking the gap between the worst performing MySuper products and the best has not closed - and overall, the sector’s performance has not improved.  

The lack of investment performance improvement is partly due to test manipulation.

*The above material, whilst correct at the time of publication may include references or statements which are no longer current.

Got a topic you'd like to read about?

Thank you for your topic suggestion.

The message has been sent succesfully, check back soon to find if we wrote about the topic you suggested.

An error has occurred

Due to a technical fault we are unable to to submit your form at the moment. Please try again later.

Additional details:

To learn more about one of the Industry SuperFunds below click on their logo.

I'M READY TO CHOOSE A FUND