We now know that if you are in a dud super fund, it is most likely a retail fund, and if you are in a retail fund, it is most likely a dud
The release last week of further research from the productivity commission’s inquiry into the superannuation system, coupled with the evidence provided to the royal commission into the financial sector, has made it abundantly clear that despite all attempts from the government to pretend otherwise, industry super funds continue to outshine the retail sector. Rather than revealing the not-for-profit super funds as being terrible “union run” organisations, both the royal commission and the productivity commission’s inquiry have become de facto government-paid advertisements displaying how the industry funds are better run and better performing.
Related: Follow the money: retail superannuation funds face day of reckoning
Continue reading...from The Guardian https://ift.tt/2D9EvJ1
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