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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.

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.