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MYOB allegedly manipulating users into joining its sub-par super fund

Accounting software giant MYOB has been accused of funnelling members into Slate Super, an underperforming, high-fee superannuation fund it owns, through online marketing techniques that appear to work around laws on stapling workers to a single fund.

Financial Services Minister Stephen Jones is already reviewing how companies could be circumventing these regulations and follows a slew of warnings from industry groups about such workarounds.

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Hannah Wootton is a Rear Window columnist, based in Melbourne. Connect with Hannah on Twitter. Email Hannah at hannah.wootton@afr.com

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    Original URL: https://www.afr.com/policy/tax-and-super/myob-allegedly-manipulating-users-into-joining-its-subpar-super-fund-20230307-p5cpyi