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CBA’s superannuation sting is ’out-and-out gouge’ says minister

The Commonwealth Bank plans to slug superannuation and pension fund members with a hefty fee to fund the cost of regulatory compliance, in a move described as an "out-and-out gouge" by Financial Services Minister Kelly O’Dwyer.

CBA’s superannuation sting is ’out-and-out gouge’ says minister
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The bank this month wrote to members of its flagship superannuation fund Colonial First State, informing them they’ll be charged a "regulatory reform fee" in June 2018.

Read the full article at the Sydney Morning Herald.

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