Structural flaws in super system losing Australians $billions.

Structural flaws in super system losing Australians $billions. The Productivity Commission has recommended sweeping changes to the superannuation system, highlighting key flaws that are costing members nearly $4 billion a year. The Commission, set up by the federal government as part of its response to the Financial System Inquiry has named multiple super accounts and underperforming funds as the key reasons why members are losing out. A key recommendation for tackling the problem is the …