The last thing anyone needs is industry super acting like retail funds – and now we have proof | Greg Jericho

Who would have guessed the for-profit sector would be the one gouging its members? Oh that’s right, everyone bar the government

As we look on the events this week at the royal commission into the financial sector it is worth remembering that we are not hearing about the actions of banks and retail superannuation funds because the government wanted this news to be known.

Malcolm Turnbull scorned Bill Shorten in parliament last year when he asked if the government would set up a royal commission. Turnbull suggested: “What the leader of the oppposition is doing, in his gutlessness and in his pathetic populism, is promising years and years of lawyers.”

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from The Guardian https://ift.tt/2L6ygFk
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