As financial services is dragged screaming towards the fee-for-service model, there’s been a lot of malice coming to the surface, not least that directed towards the industry funds, who are already largely there.
That ill-feeling might manifest itself in a cranky response to APRA’s whole-of-fund super performance sta- tistics, as useless as they admittedly are. Maybe it comes out less publicly, for instance by feeding an Australian jour- nalist an erroneous hatchet-job about the Conference of Major Super Funds, confident in the knowledge they won’t bother ringing to check the facts. (We know who you are, by the way.)
Alternative investment ideas to salvage your portfolio
