Nov 20, 2019
Australian superannuation fund members are hit with some of the highest charges in the world.
Super funds collect a hefty A$30 billion a year in fees, and cross-country comparisons show that Australian retail funds, operated by banks and other finance companies, are particularly pricey.
The Productivity Commission estimates savings of A$1.8 billion a year if the 50 highest-cost funds merged with 10 of the most efficient funds.
Listen to the story.
INTHEBLACK Out Loud brings you a curated selection of audio articles from CPA Australia’s award-winning magazine, INTHEBLACK.
Stories span a wide range of topics, including business, career development and the economy, and offer key insights into strategic thought leadership and expert analysis.
INTHEBLACK Out Loud is presented by CPA Australia.
Search and subscribe on Spotify, Apple Podcasts, Amazon Music, Google Podcast or your favourite podcast app.
You can email the podcast team at email@example.com