Financial Standard Comments - PM Gillard: super to support economic stability

Comment by Superdonk ()

Superdonk () — Wed, 31 Aug 2011 12:57:29 +1000

This is just a cover to take away workers' funds in super and invest them in government bottom of the harbour schemes. For those who can, just grab what you can and run.

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Comment by sue ()

sue () — Wed, 31 Aug 2011 14:10:01 +1000

"It doesn't matter whether an employee is a member of an industry fund or a retail fund, they deserve good service and real value for money. They also deserve to be placed in a super fund because it is in their best interests, not because of sales commissions being paid to advisers." (J GIllard ) Prime Minister, please add to that comment "and massive sitting fees for union members on boards of industry fund which get fed back to the Labor Party"
Sales commissions is such a yesterday comment - the PM is not in touch with 90 % of self-employed financial planners, who mostly run small businesses and whose net remuneration would make any public servant with a high level of responsibility go on strike.

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Comment by Sandgroper ()

Sandgroper () — Wed, 31 Aug 2011 14:43:57 +1000

Which is code for "we don't want any pesky advisers being paid to compete against our slush funds".

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Comment by bigal ()

bigal () — Wed, 31 Aug 2011 15:07:17 +1000

Must have been wonderful listening to Gillard knowing that she has achieved precious little since replacing Rudd and that their FOFA "reforms" are going to make financial advice even more unaffordable for the average worker.
Let's bring in a new raft of regulations and penalties for the advisers and new higher fees for the consumer. Brave new world.

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