On 30 August 2023, APRA notified the Trustee of Crescent Wealth Superannuation Fund (ABN 32 144 560 172) that three of its products (Conservative, Balanced and Growth) had failed the annual performance test.
As required under relevant law, superannuation funds must notify members if they don’t meet an annual performance benchmark set by APRA.
Members will be able to compare the fees and returns of all MySuper and Choice products using the Australian Government’s YourSuper comparison tool. Go to ato.gov.au/yoursuper for further information.