Cooper recommendations will save Australian supers A$20bn

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AUSTRALIA - Superannuation funds will save A$20bn ($18bn) over the next decade if the Cooper review's SuperStream proposal is implemented, according to research by the Financial Services Council (FSC) and Ernst & Young.

The government body and accountancy firm said the bulk of the savings would come from making electronic transactions mandatory, which they estimate would require an A1$bn investment across the indu...

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