Super: the great Australian lottery

Before the government gives retail super funds equal billing in industry awards with industry funds, it should ask them why their customers get 25 per cent less in retirement.

Australia’s retail super funds are demanding equal billing with industry funds as default options in industry awards, which sounds fair enough, and the government is inclined to do it.

But before doing it the government should demand to know why they are giving their customers 25 per cent less in retirement than the industry funds, and what they are going to do about it.

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