Monday, August 6, 2018

Superannuation funds to feel heat on fees and charges as Royal Commission resumes

The integrity and performance of Australia's $2.6 trillion superannuation sector will be scrutinised when the financial services Royal Commission resumes this morning. 

A recent Productivity Commission report said superannuation was an "unlucky lottery" for some with fees and charges eroding some retirement nest eggs. 

ABC's Peter Ryan says Round 5 of the Royal Commission is critical given the "set and forget" nature of superannuation for many Australians.

I spoke with Eva Sheerlink, chief executive of the Australian Institute of Superannuation Trustees, on this morning's edition of AM.

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