ASFA estimates there are around 14 million people in Australia holding superannuation accounts; however, there is more than double this number of accounts sitting with funds. The average ratio of accounts to people in Australia is over two to one. Measures are planned to auto-consolidate these accounts and reduce the number of lost accounts. These measures, forming part of the upcoming Stronger Super initiative are expected to reduce the total number of super accounts by between five and six million.






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