LDFerguson
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An interesting article by Eoin Hassett of ITC about changes in the Australian pension systems over the past 20 years.
thefmreport.ie
"In August 2021, thirteen funds with a combined value of AUD 56bn failed the performance test. Two of these funds were run by Commonwealth Bank that has one million pension savers. The funds had to write to their members informing them of the underperformance and inviting them to use an online comparison tool run by the government."
Lessons from Australian pension reform - The FM Report
Australia boasts the fifth-largest pension market in the world, with assets under management of AUD 3.5 trillion (EUR 2.3 trillion) at the end of 2022.
thefmreport.ie
"In August 2021, thirteen funds with a combined value of AUD 56bn failed the performance test. Two of these funds were run by Commonwealth Bank that has one million pension savers. The funds had to write to their members informing them of the underperformance and inviting them to use an online comparison tool run by the government."