This position is backed by research that underlines the superior performance of industry super funds
He says the superior performance of industry super funds
(which are run on a not-for-profit basis), compared to the bank-owned super funds
(which are run to profit shareholders) is proof that the current governance structure of industry funds is working.
Brisbane, Australia, April 16, 2010 --(PR.com)-- Until recently, self managed super funds
(SMSF) in Australia were not permitted to borrow funds to invest in property.
Former ACTU secretary Greg Combet, now a principal adviser to Industry Super Australia, says banks will use their bargaining power with their business customers to pressure them to use the bank-owned super fund
and transfer unsuspecting employees into it.
Members in super fund
default options are automatically put into group insurance.
HESTA pioneered member investment choice and collectively the industry super funds
established Super Member Home Loans.
The group buying by the super fund
gives a lower premium and so long as there's enough money in your account to cover the premiums you don't have to worry about remembering to pay for them."
Even after Pauline took time off to have children, her State Super fund
was in good shape when she returned to work.
Lara Bourguignon is to become chief executive of SuperConcepts, heading AMP's self-managed super fund