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One in three super accounts is unintended multiple account

Dollars and dollars
Dollars and dollars Source: AAP

A Productivity Commission investigation into the superannuation system has found one in three accounts, or about 10 million, are unintended multiple accounts. It finds they cost their owners a total of $2.6 billion every year in extra fees and insurance charges.


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By Peggy Giakoumelos

Presented by Tia Ardha, Celine Witarsa

Source: SBS



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A Productivity Commission investigation into the superannuation system has found one in three accounts, or about 10 million, are unintended multiple accounts. It finds they cost their owners a total of $2.6 billion every year in extra fees and insurance charges.



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