Original article by Cliona O’Dowd
The Australian – Page: 17 : 28-Oct-21

More than $56bn of workers’ retirement savings are invested in default superannuation funds that recently failed a performance test. This test was introduced as part of the ‘Your Future, Your Super’ reforms, which also include "stapling" workers to one superannuation account throughout their career. The Australian Institute of Superannuation Trustees’ CEO Eva Scheerlinck has called for changes to the stapling regime to ensure that workers are not tied to a persistently underperforming fund.

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AUSTRALIAN INSTITUTE OF SUPERANNUATION TRUSTEES