Financial Standard Comments - Retail funds in ACTU's sights Superannuation funds would be forced to reveal related party fee details if a union push on disclosure succeeds, in a move likely to hit bank-aligned retail funds. https://www.financialstandard.com.au/feed/latest?story=12912189 Wed, 16 May 2012 13:56:43 +1000 Wed, 16 May 2012 13:56:43 +1000 en-AU Copyright 2026 Financial Standard 5 Comment by RD () What an absolute joke. Industry funds talking about transparency just about takes the cake.

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]]> RD () Wed, 16 May 2012 13:56:43 +1000 Comment by Scott Jamieson () Maybe the industry funds should disclose the millions of dollars they spend in sporting sponsorship as well.....

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]]> Scott Jamieson () Wed, 16 May 2012 13:58:19 +1000 Comment by Richard () What about the union officials soaking up the hospitality in Industry Super Fund corporate boxes around the country each week?
Do they have any issues with disclosing that??
Only to profit members?
Sure.

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]]> Richard () Wed, 16 May 2012 14:11:24 +1000 Comment by lincoln () To whose advantage, I am sure members know that if they are a retail member then they support the bank or whoever, if they are in a union fund, they support the unions. What would be of more interest is trustee remuneration and cross representation disclosed.

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]]> lincoln () Wed, 16 May 2012 14:12:33 +1000 Comment by Sergio () What would be interesting is to also require the industry fund to declare how much unions receive from the trail of asset under managment

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]]> Sergio () Wed, 16 May 2012 15:25:27 +1000 Comment by MisterB () Is this the same industrial movement talking about transparency and lack of transparency that does not provide transparent pricing of large pools of assets that they hold on behalf of their members,and does not provide unit procing that allows members to readiily ascertain the balances of their siperannuation holdings held in many industry funds.

Is this the same industrial movement where particpant organisations have acted in the interests of their office bearers rather than the interests of their fee paying members.
Lets not get too precious here and always remember that theri os little difference between kettles and pots that are both black.

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]]> MisterB () Wed, 16 May 2012 15:51:31 +1000