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Failing super funds exposed for underperforming

A host of superannuation funds have been put on notice for underperforming. See which ones failed to deliver.

Thirteen funds holding ­assets totalling $56bn now have a month to tell members their super products have failed a new performance test, and to direct them to the YourSuper comparison tool to see if they can get a better deal.

If the super products fail again next year, they will be banned from accepting new members.

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