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Australia’s funds can do better

Australia's profit-for-member superannuation funds are leading the industry, but they could do better says Ian Silk, chief executive of AustralianSuper, the country's largest fund.
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Australia’s pension funds cricitised

As the fifth round of Australia’s financial services royal commission came to a close, counsel assisting criticised many retirement savings funds for their retention strategies, conflicts of interest and other practices deemed not in members’ best interests.