ASFA: Regulatory costs too high

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AUSTRALIA - Increasing regulatory and compliance costs for superannuation funds have grown to such an extent that they are now likely to outweigh the benefits to consumers, a study by the Association of Superannuation Funds of Australia (ASFA) has found.

The study, conducted by ASFA's Principal Researcher Ross Clare, surveyed and analysed the costs incurred by super funds of various sizes and types and compared these to the benefits to consumers of...

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