AustralianSuper CEO pushes for simpler super rules, but critics say fund service issues—not complexity—are the real barrier.

AustralianSuper CEO Paul Schroder is pushing for simpler superannuation rules to help retirees return to work, citing complex account separation as a barrier. However, critics argue the real issues are poor service from large funds, including death benefit delays of up to 1,140 days, not regulatory complexity. The current system, which separates taxed accumulation accounts from tax-free pensions, is designed for transparency and proper tax treatment. The main obstacle to flexibility, advisers say, is fund-imposed limits on account numbers, blocking tax-saving strategies. Instead of legislative change, experts urge funds to improve basic services like timely payouts and customer support. For retirees, using non-concessional contributions to a spouse’s super can reduce taxable components without ATO approval.