Consumers to bear brunt of super changes, says BT chief THE head of one of the nation's biggest funds management groups has confirmed that millions of Australian superannuants will be hit with the costs that retail superannuation funds are incurring as they prepare for the Gillard government's new super reforms. The Financial Services Council, which represents private, mainly bank-owned, industry, this week estimated that it would cost the retail super funds industry $1.5 billion to comply with Labor's new StrongerSuper and Future of Financial Advice (FoFA) regimes between now and 2015.