That's employees own laziness if they end up with a long string of superfunds that evaporate with service fee's.
Any employer you work for will from day one in the contract state the default superfund the company users and the tick box and form attached if you wish to nominate another existing fund.
It takes about 1 minute yet many people simply stick with the default option.
I assume mainly younger people where retirement seems so far away they don't really care.
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Peter Batten, MD
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