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YourSuper tool records 1m hits

Super

Sponsored by Emma Musgrave • 10 January 2022 • 9 minute read

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The YourSuper comparison tool, which was released in July last year, was introduced to empower superannuation members as part of the Your Future, Your Super reforms. The tool’s aim is to support Australians’ plan for a comfortable retirement.

“Australians are taking charge of their own super like never before thanks to reforms passed by the Morrison Government,” Ms Hume said in a statement.

“The Government’s YourSuper comparison tool has recorded over 1 million hits since it was released in July. Thirteen MySuper products failed the Government’s new bright line performance test covering 1 million member accounts.

“Australians for the first time have been able to compare their super fund against other default products on an apples to apples basis, with an objective test administered by APRA on fees and performance. Under‑performers have been clearly called out and members are able to easily consider alternative products.”

Ms Hume noted that the tool is putting Australians first in its approach.

“Australians work hard to earn their wages, and of course superannuation is deferred wages,” she said.

“The Morrison Government is committed to ensuring Australians’ retirement savings work as hard as they do. We will always put Australians first, not fund managers.”

Emma Musgrave

AUTHOR

Emma Ryan is the deputy head of content at Momentum Media and editor of the company's legal publication, Lawyers Weekly.

Emma has worked for Momentum Media since 2015 and has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.

A journalist by training, Emma has spent her career connecting with key industry stakeholders across a variety of platforms, including online, podcast and radio. She graduated from Charles Sturt University with a Bachelor of Communications (Journalism).

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