Fairfax’s Michael West has written a series of great articles (here and here) examining how the Australian banks, in particular, are fattening themselves on superannuation fees:
Being a super fund manager is hard yakka. You have to sit around being showered with millions of dollars of other people’s money week-in, week-out, simply because the government has decreed that 9 per cent of Australian salaries have to go into superannuation. It’s a pain…
