Australia Newz

How super members missed $20m

How super members missed $20m


A fund merger derailed by disputes over union representation cost super holders dearly, the royal commission has heard.

A potential merger between industry fund Energy Super and the employer-backed fund Equip, which was derailed after a dispute over union representation on the merged board, would have saved members and employers 20 million a year, the financial services royal commission heard yesterday.

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