Call to block super fund advice pending retirement performance test
Until the retirement products offered by super funds – primarily account-based pensions – are performance-tested by APRA, funds should be held back from offering more comprehensive personal advice to members, a new report recommends. The report, by the Grattan Institute, also recommends a government-run pension guidance service to “plug the hole” between the guidance offered by funds and the advice provided by professional advisers.
Retirement
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