03/04/2012
Without union involvement in superannuation, we may never have stamped out hidden fees paid to financial advisors on compulsory superannuation contributions.
And, instead of employee and employer representatives on boards, we would have ended up with a lot more super funds run by the corporate “experts” who brought us the GFC.
Fiona Reynolds is the CEO of AIST
Australian pension fund capital is uniquely well-suited to backing long-term global investment trends, but it will work best when it builds partnerships with funds, governments and businesses from like-minded nations. A memorandum of understanding signed by Australian and Canadian pension funds will help set policy to improve investment opportunities.
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