News - Australia: Govt unveils reforms to superannuation system
Source: Asia Insurance Review | Jan 2011
The Australian government has unveiled reforms to its A$1.3 trillion (US$1.28 trillion) pension sector, that would result in a cut in fees on Australians’ retirement funds, and a more efficient superannuation system. The government is also introducing a new no-frills, low-fee default superannuation product called MySuper.
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