Keeping Super Safe


| Louise Staley

Keeping Super Safe

Disclosure levels by Australian superannuation funds are inadequate. Disclosure levels should meet international benchmarks to adequately protect Australians' superannuation savings.

The role of some Australian superannuation industry funds as ‘default' funds in Australia's industry relations system constitutes government-granted special financial privileges. While customers can opt-out of industry funds defaulted by the industrial award system, few do so.


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