Business
Worst on Ground: retirees lose as major parties reject ‘Best in Show’ for super funds – Michael West News
Superannuation sector hated a list of top performers. It threatened their fees. So Liberal and Labor reject Productivity Commission proposals
At the end of 2018, and after nearly three years of intensive investigation, the Productivity Commission released its final reports into the efficiency and competitiveness of Australia’s near $3 trillion superannuation system.
Two of its key recommendations included a Best in Show list of funds and opening up the enterprise bargaining agreement default system to more competition.
The Best in Show list would be a game changer. The list would comprise a small number of funds, curated by an exper…
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