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The inconvenient truth superannuation managers hide – MacroBusiness

While the superannuation industry complains incessantly about the $30-plus million being stripped out of the system due to the Morrison Government’s early release policy, it is conspicuously silent about the $36 billion in fees stripped from superannuation ac…

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While the superannuation industry complains incessantly about the $30-plus million being stripped out of the system due to the Morrison Government’s early release policy, it is conspicuously silent about the $36 billion in fees stripped from superannuation accounts.On this front, Harry Chemay – co-founder of Clover.com.au – has penned an excellent article at Michaelwest.com.au dissecting Australia’s wasteful, inefficient and inequitable compulsory superannuation system:If superannuation didnt ex…

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