Assistant Minister for Superannuation Jane Hume has slammed the $2.9 trillion superannuation industry for its “complacency and inertia,” saying poorly-performing funds have “no place to hide” and that small funds…

Australia’s corporate watchdog has shored up its position as the country’s top conduct cop in the superannuation industry, with increased powers to tackle misconduct in a toughening regulatory environment.

The prudential regulator has warned trustees of superannuation funds that flashed red or amber on its controversial MySuper heat maps late last year that they should act now to improve…