After making the decision to switch, he said it took months to choose an account.

"There are so many options out there and no single company that compares them all," he says.

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Helping customers like Bull navigate their options is a strong theme of a landmark Productivity Commission report released on Thursday.

The overhaul would see poorly performing funds forced to exit the $2.7 trillion sector and greater accountability on fees and investment returns.

To make his shift Bull made a shortlist of low-cost superannuation options and settled with Hostplus' Choiceplus package, one that allows users to directly invest into companies in the S&P/ASX 300 Index.

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"It's basically one step below a self-managed super account," says Bull.

The IT consultant now earns around $100,000 per year and pays $300 in annual fees while getting returns of between 6 per cent and 7 per cent.

He's confident he will retire young and encourages others to take control of their super funds.

"Everybody should look at it. A fee difference can amount to $150,000 thirty years down the track."

While Bull researched his own decision to switch, director and financial planner at Flinders Wealth Michael Abrahamsson says his firm has received an "up-tick" in the last fortnight from clients seeking advice in how to change their superannuation fund.

"The [Hayne] royal commission has got people who were previously apathetic to realise it's now time to look at my super because there's significant money in there."

"We often see young professionals who have stuck to the same fund that was given to them by their employer. Are the fees competitive?"