Consumers need super default safety net: ISABY LAURA MILLAN | THURSDAY, 5 FEB 2015 12:35PMConsumers need the protection of a default superannuation fund safety net despite calls for deregulation to increase competition, Industry Super Australia (ISA) said. Related News |
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David Sharpe
CHAIRMAN
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FINANCIAL ADVICE ASSOCIATION AUSTRALIA
A family man, business owner, cricket fanatic and financial adviser, David Sharpe has many facets. One of his biggest legacies, as he steps down as chair of the Financial Advice Association Australia, is leaving the profession stronger than he found it.
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David, what is this safety net of which you speak, that is only provided by your members? It's a nice emotive catch phrase you often trot out, but it's devoid of any real meaning.
Also, your long-running angle on this issue paints companies as quivering idiots beholden to their bank. I think you'll find most self-respecting HRDs, CFOs, etc. will be able to work out whether a given fund is good for their employees or not, and accept or reject any proposals to make use of a retail fund in a suitably considered, rational manner.