Failing super funds may be axed: APRA
![While super funds are pulling back from the sharemarket, they are building up their cash levels.](http://web.archive.org./web/20170724185624/http://www.afr.com/content/dam/images/1/1/9/4/k/0/image.related.afrIndexLead.320x210.gxhh02.png/1500900935026.jpg)
Underperforming super funds put on notice, as APRA threatens to force then out of the industry if they can't operate in the best interest of members.
Underperforming super funds put on notice, as APRA threatens to force then out of the industry if they can't operate in the best interest of members.
There's little disagreement wealth inequality has increased sharply. But when it comes to incomes, it depends on what you're looking at.
If under-performing super funds can't lift their game, they may be required to hand their members over to a better player and face losing their licence.
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It's hard to see how tax-avoiding trusts help the economy, and easy to see why Labor has made them a target.
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A mild confession season and a reasonably solid earnings forecasts have Citi's analysts upbeat.
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