Original article by Adam Creighton
The Australian – Page: 17 & 20 : 24-Jun-19
Nobel Prize-winning economists Eugene Fama and Richard Thaler contend that Australia’s superannuation system has too many investment options and that its fees are too high. Fama says low-fee passive funds should be the default option in a system that is government-mandated, while Thaler says lower fees should be achievable through competitive bidding. Treasurer Josh Frydenberg recently announced a new review of the $2.8 trillion superannuation sector.
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, AUSTRALIA. PRODUCTIVITY COMMISSION, RAINMAKER INFORMATION SERVICES PTY LTD