AustralianSuper braced for banks to get access to default market
Sally RoseReporter
Updated
Nine of the 10 superannuation funds with the most access to the almost $500 billion default market are union-aligned. The country's largest industry fund, AustralianSuper, is the biggest beneficiary.
Bank-aligned and other retail funds, eager for a bigger slice of the pie, want a new government-appointed review into the sector to recommend a more "level playing field".
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Sally Rose is a Sydney-based reporter, who covers business, personal finance and superannuation. Connect with Sally on Twitter.
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