The Productivity Commission is considering throwing out the existing default super fund rules, which benefit union-backed industry funds, to allow employers to choose from any of the 115 licensed products for their employees.
The review has the support of the retail superannuation industry, which has been lobbying to crack open the $9 billion-a-year market for default funds to market-based competition.
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Sally Rose is a Sydney-based reporter, who covers business, personal finance and superannuation. Connect with Sally on Twitter.
