The compulsory super system paints itself as an assembly of rogue operators, but it is the only major sector without an industry code of conduct. This should be remedied.
The idea of the exceptionalism of the superannuation sector doesn’t extend to super funds being exceptional.
One only has to look at the latest data published by the Australian Financial Complaints Authority that shows super funds are the fourth-most complained about industry (behind lenders, insurers and deposit takers).
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Michael Roddan is a Walkley Award-winning national correspondent based in Sydney. He is a former business and economics reporter for The Australian. Connect with Michael on Twitter. Email Michael at m.roddan@afr.com
