Retail fund managers eye bigger slice of super pie

Fund managers want larger share of compulsory employer super contributions.

Retail fund managers have stepped up a campaign for a larger share of the $10 billion in annual compulsory employer superannuation contributions, challenging the make-up of a Fair Work Commission panel that will consider which funds are included as default options in industrial awards.

The Financial Services Council is seeking an immediate review of an expert panel set up to review default fund applications, claiming it is not properly constituted and should delay hearings.

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