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Industry super funds fight ’guerrilla campaign’ to keep fees on ’ghost’ accounts

Industry super funds fight ’guerrilla campaign’ to keep fees on ’ghost’ accounts

Industry superannuation funds, including one that may make $30 million a year from accounts with almost no savings, have launched a below-the-radar fight to undermine a plan they say they support in principle to reduce fees and insurance premiums.

by Shared by Australian Financial Review | 28 May, 2018

Be calm despite 'outrageous' tax rates, says Tax Institute

Revenue and Financial Services Minister Kelly O’Dwyer said the industry was mounting a “guerrilla campaign” to stop the government cutting $600 million in revenue a year by banning all exit fees and restricting charges on super accounts that have less than $6000.

Read the full article at the Australian Financial Review.