The Productivity Commission has finalised its comprehensive framework to assess the efficiency and competitiveness of Australia's $2 trillion superannuation system.

The superannuation system is large, complex and has broad reach. This means even small system improvements can offer significant financial benefits to Australian workers, particularly in their retirement.

With the release of this final report, the Commission has completed the first of three stages of superannuation work.

The Australian Government has stated that the Productivity Commission will be asked to undertake this system-wide review following the full implementation of the MySuper reforms (after 1 July 2017).