Tony Sheldon Explains Why Industry Funds Are Better
Release date: 28/04/2015
(ABC News, 27 April 2015) Industry super funds have consistently outperformed for-profit retail funds run by the big banks and AMP since compulsory superannuation started in Australia in 1992. Industry funds also have a unique model of governance called equal representation, but the Abbott Government's financial system inquiry called for a majority of trustees, including the chairman, to be independent.
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