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.
*The above material, whilst correct at the time of publication may include references or statements which are no longer current.