Financial Standard Comments - Law firm rubbishes Grattan fee report Global law firm Herbert Smith Freehills has urged the Financial System Inquiry (FSI) to throw out a controversial report that claims the superannuation system is too expensive. https://www.financialstandard.com.au/feed/latest?story=42865839 Mon, 18 Aug 2014 14:19:48 +1000 Mon, 18 Aug 2014 14:19:48 +1000 en-AU Copyright 2026 Financial Standard 5 Comment by Michael Clancy (Consultant) Perhaps common sense will win out in the end. I think competition is alive and well in the Australian superannuation system. The best thing the government could do to encourage price reductions would be to resist the temptation to tinker with the superannuation system. My guess is that implementing FoFA, MySuper, Super Stream and other regulatory reforms over the past few years has cost the industry A$1+ billion. And in the end, most of this cost is borne by members.

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]]> Michael Clancy (Consultant) Mon, 18 Aug 2014 14:19:48 +1000