Superannuation funds will be “stapled” to Australian workers, following them when they switch jobs and minimising multiple unintended accounts. As part of the federal government’s Your Future, Your Super reform package, workers will have a single super account automatically following them between jobs until they choose to switch funds from Nov. 1. Superannuation Minister Jane Hume said Australia’s superannuation assets, which cover 90 percent of workers, currently equate to over $3.3 trillion (US$2.5 trillion)—equivalent to over 150 percent of the country’s GDP. “While it’s a system that wears three decades of alternations and add‑ons of varying quality well—the edges have certainly frayed,” Hume said on Oct. 13. “Over the years, investment opacity and compulsion, stemming from the mandated nature of superannuation, has allowed for widespread consumer disengagement and mission creep from funds.” Hume said the government had focused on eliminating multiple accounts that cause exit fees and multiple administrative fees, …