If you have ever wondered why the superannuation industry lobbies so vehemently to increase the compulsory superannuation guarantee (SG), all you have to do is follow the money.
According to Dr Cameron Murray, superannuation funds stand to benefit from a fee bonanza of up to $270 million if the SG is lifted to its legislated level of 12%:
Cameron Murray estimates a typical worker would pay an extra $28,000 in fees across their four-decade working life…
