MySuper offerings were introduced because of the enormous fees being charged by fund managers particularly on personal superannuation accounts which were being eroded by poor performance and by none or little services by fund managers.
How easily the past is forgotten and then distorted by editorials such as this one. Both the for-profit and not-for-profit superannuation managers did their utmost to reduce the advent of MySuper schemes and it was they that gave the mess as stated in this editorial.
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