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Super chiefs to face grilling over ‘zombie’ funds and underperformance

Super chiefs to face grilling over ‘zombie’ funds and underperformance

Lost industry super accounts worth $190 million have been reunited with their owners as superannuation chiefs prepare to be interrogated by a Parliamentary committee.

by Shared by The Age | Nov 20, 2019

Support swells for scrapping simple tax returns

The figures, due to be released by Industry Super Australia on Thursday, show more than 1.5 million members’ accounts with under $6000 in them and inactive for more than 16 months had been stuck accruing an average of up to $260 a year in fees and insurance premiums.