Original article by James Eyers
The Australian Financial Review – Page: 21 : 5-Feb-15

It is estimated that around $A9bn is invested in default superannuation funds every year, while 80 per cent of employees fail to choose their own super fund. A report produced by Industry Super Australia rejects a proposal by the banking sector to remove responsibility for determining the list of default funds from the Fair Work Commission. It argues that the existing system is effective and should not be changed

CORPORATES
INDUSTRY SUPER AUSTRALIA PTY LTD, AUSTRALIA. PRODUCTIVITY COMMISSION, AUSTRALIA. FAIR WORK COMMISSION, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, CHANT WEST FINANCIAL SERVICES PTY LTD, FINANCIAL SERVICES COUNCIL, BT FINANCIAL GROUP PTY LTD, WESTPAC BANKING CORPORATION – ASX WBC, CONSTRUCTION, FORESTRY, MINING AND ENERGY UNION OF AUSTRALIA