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Better performance, more savings and more efficient: $416 billion to flow into workers’ super accounts under reform blueprint image
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Better performance, more savings and more efficient: $416 billion to flow into workers’ super accounts under reform blueprint

Published: 18 Jul 2019

The super nest eggs of Australians could benefit from $416 billion more – up to $189,000 per person – under a new proposal from Industry Super Australia (ISA) to overhaul the superannuation system.

Independent consulting firm KPMG has undertaken a detailed cost-benefit analysis of the plan, which found that the best way to eliminate multiple super accounts and lift performance across the system was to automatically combine a person’s super when changing jobs into a single quality checked fund.

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