The Government’s Protecting Your Super (PYS) package which was finalised in April this year will do much to improve the superannuation system, especially for those members with low balances. It will lead to a significant reduction in the number of duplicate accounts, a cause ASFA has long supported, reduce unnecessary account erosion, and prevent excessive fees applying to low balance accounts. But as funds work to implement these measures, it is becoming clear that these benefits come at a cost and in some cases work against the best interest of members. The most serious example of this will be those...