An interesting point highlighted the comments of the FSI Report was regarding auctioning default fund status.
A remarkable variant of the approach in Chile has been proposed – this was not expected. The key difference to Chile is that the Report contemplates many different funds being able to receive contributions for employees who do not select a fund.
The bottom line message to industry is that further fundamental structural reform is likely if Stronger Super does not succeed.
What do you think? Is this necessary or will Stronger Super achieve its objectives?