Super-shifting must be stopped

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AUSTRALIA - A 'secret' loophole allowing unemployed workers to be shifted to more expensive superannuation funds has been branded "unconscionable and outrageous" by senator Nick Sherry, the superannuation minister.

The practice has seen workers who signed up for a default investment option with an employer-sponsored superannuation scheme shifted to a retail fund with higher fees after being made unemployed, d...

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