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This simple rule change could add $50,000 to your retirement balance.
Superannuation funds will have to lift their game in dealing with members’ monies under a new set of rules recently proposed by the Australian Prudential Regulation Authority (APRA).
Superannuation funds are altering investment portfolios to protect members’ money as the economy changes in the aftermath of the pandemic.
Everyone may be working hard to build up a super balance to enjoy during their retirement, but it is important to think beyond that.