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Danger of auto-consolidation

Wednesday 6 June 2018

News summary 

Money Management

The Financial Planner Association (FPA) has expressed concern the auto-consolidation of low super accounts, and the auto-consolidation of missing accounts, may lead to under insurance.

The FPA has made a submission to Treasury regarding the Treasury Laws Amendment (Protecting Superannuation) Bill 2018 to warn against auto-consolidation.