Super fund auto-consolidation could save A$250m a year

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AUSTRALIA - The elimination of six million unnecessary superannuation accounts through auto-consolidation would lead to a reduction in fees of around A$250m ($263m)a year, research suggests.

The Association of Superannuation Funds of Australia (ASFA) believes there are more than 14 million Australians holding superannuation accounts, with an average of just over two accounts per person...

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