Media Release

Wednesday, 29 August 2018

AFR opinion piece (Aug 2018): Retail trustees, with their independent directors, were unable to protect members from fee gouging and other misconduct. They should be barred from MySuper

The Government’s fixation with industry super funds and its desire to break up the role of union and employer groups on industry fund boards looks like it has been finally laid to rest. In pursing industry funds relentlessly, the Government took its eye off the banks and the inherent conflicts of interest at the heart of their operations.