Australians paying $31 billion in super fees every year

By Lucy Battersby
Updated June 15 2017 - 9:54am, first published May 29 2017 - 5:37am
MELBOURNE, AUSTRALIA 2 APRIL  2014: Photo of David Whiteley Chief Executive of Industry Super Australia at his office in Melbourne on Wednesday 2 April 2014. SMART INVESTOR /  LUIS ASCUI
MELBOURNE, AUSTRALIA 2 APRIL 2014: Photo of David Whiteley Chief Executive of Industry Super Australia at his office in Melbourne on Wednesday 2 April 2014. SMART INVESTOR / LUIS ASCUI

Australians are paying $31 billion in superannuation fees every year, with half that money going to funds that manage just 30 per cent of all accounts, according to a report commissioned by Industry Super Australia.

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