Yes, super is too expensive – so ban the skim

As the Grattan Institute points out, the super system is an inefficient and inequitable mess. But there’s a fees fix that’s easier than the think tank’s solution.

Jim Minifie of the Grattan Institute has performed a great service by describing in detail how expensive superannuation is in this country, and what a huge hole the fees excavate into Australians’ retirement savings.

But while he has clearly exposed the problem, Minifie has not, in my view, nailed either the cause of it, or the solution.


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