Common sense prevails in superannuation shake up

The Australia Institute today welcomed the Government’s shake up of the superannuation system. “Common sense has finally prevailed,” said the Institute’s Deputy Director Josh Fear. “The overwhelming majority of super fund members want more simplicity not more choice. Since the Howard Government introduced Choice of Fund in 2005, many people have been forced to make decisions they don’t understand, and some have been ripped off by super funds that are more expensive than they need to be.”

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