AUSTRALIA - The ten million multiple superannuation accounts are resulting in a "deadweight cost" of A$315m a year for super funds, the Association of Superannuation Funds of Australia (ASFA) has found.
In a research report, ASFA said of the 28 million superannuation accounts held in funds, there were 14 million necessary primary ones and a further 4 million of "wanted, justified or unavoidable" o...
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