Worst performing superannuation funds exposed by APRA 'heatmap'
One AMP fund and a host of smaller corporate and industry super funds are likely to come under increasing pressure to merge, restructure or close after being outed as poor performers by the financial stability regulator.
In what has been coined "D-day for dud funds", the Australia Prudential Regulatory Authority's "heatmap" analysis of the worst-performing super funds was released Tuesday. It comes amid mounting pressure for transparency in the industry that has been accused of fostering chronically defective funds with opaque fee structures and uncertain returns.
Read more at the SMH.