Original article by Sally Rose
The Australian Financial Review – Page: 1 & 8 : 21-Sep-16

Australia’s default superannuation fund system is currently dominated by industry super funds, but it could be opened to competition from retail funds. The Productivity Commission’s review of the default super regime has raised the possibility of introducing alternatives to the existing system, including allowing non-industry funds to bid to be included in the list of default funds. Financial Services Council CEO Sally Loane says there is a need for greater competition in the sector.

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AUSTRALIA. PRODUCTIVITY COMMISSION, FINANCIAL SERVICES COUNCIL, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, AUSTRALIA. FAIR WORK COMMISSION, INDUSTRY SUPER AUSTRALIA PTY LTD, GRATTAN INSTITUTE