The most important take away from the PC’s super review

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By Leith van Onselen

Last week’s final report on the efficiency and competitiveness of Australia’s $2.8 billion superannuation system was scathing, noting a multitude of failures ranging from a proliferation of poorly performing funds, excessive fees, unnecessary and costly insurance products, and multiple accounts.

While these issues are all important and require urgent reform, the biggest recommendation for mine was the below [my emphasis]:

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.