Let retirees control their super money, Treasury told
Hannah WoottonReporter
The government should focus on giving people as much control as possible over their retirement incomes instead of enabling superannuation funds to default customers into generic products, an industry group has told Treasury.
Despite some major super funds pushing for reforms allowing them to automatically roll customers into pension products, the Association of Superannuation Funds of Australia says people’s needs in retirement are too varied to justify such a response.
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