AUSTRALIA - The superannuation system "is strong, stable, and continues to deliver," but nevertheless requires changes to its operations, structure and cost akin to "renovating the house", Nick Sherry, minister for superannuation and corporate law, told the Global Pensions/Westpac Currency Management Forum in Sydney.
Sherry said lowering average superannuation account fees is one such change, and said that fees should come down by at least 20%. "Superannuation account fees have a direct bearing on final reti...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date