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An $80 billion superannuation fund admitted on Friday to an administrative error affecting 346 of its members.
Superannuation funds that fail to achieve healthy long-term returns when measured against peers are in breach of their fiduciary duty to members, a former Federal politician has told the 2018 ASFA Conference.
Despite modelling much of its operations on the Australian superannuation system, the UK's National Employment Savings Trust opted against "politically unacceptable" compulsion and is proving all the better for it.
Amending the Protecting Your Super reforms, the Federal Government has made an exception to the opt-in life insurance changes to ensure coverage for Australians working in dangerous occupations.