Telstra Super

So it's pretty low, and that isn't changing under the proposals, which is also, um, really important.

Yeah, so that applies to AustralianSuper, QSuper, ART, Rest, Cbus, TelstraSuper, like all the big ones.

Um, all...

They're, they're still the same.

Story number three, ASIC has taken action against three superannuation funds over misleading descriptions of their investment options.

Australian Retirement Trust's Telstra Super and Australian Food Super have each agreed to pay almost $40,000 after the regulator found errors in how some investment options were described on their websites.

The issues included funds saying options were entirely invested in private or unlisted assets when they actually included listed property or international shares.

ASIC Commissioner Simone Constant says that super members rely on funds to get basic information about asset allocation and investment options right, and that trustees need to make sure those disclosures stay accurate.