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READ MOREIndustry 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.
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.
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