Editor's Choice
BT appoints new head of strategy
A former Allianz Retire+ executive has joined BT as the new head of strategy.
ASX sees trade volumes soar in May
ASX saw a substantial growth in trade volumes last month, despite continued lackluster movement in IPOs.
Otivo launches AI-powered financial advice
Otivo has launched a mobile app for Australians to access licensed advice powered by AI.
Munro expands access to climate focused fund
The Munro Global Growth Climate Leaders PIE Fund has been opened to retail investors in New Zealand.
Products
Expert Feed
When geopolitics becomes a portfolio risk
Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.
Does association membership still matter?
With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...
Digital assets and where they stand in 2026
So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.
Rethinking default design in a changing market environment
The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.
Featured Profile
David Woodall
CHIEF EXECUTIVE OFFICER, SUPERANNUATION
INSIGNIA FINANCIAL LTD
INSIGNIA FINANCIAL LTD
Facing his greatest test yet in metamorphosing MLC Super, Dave Woodall is adamant the juice will be worth the squeeze. Jamie Williamson writes.
These amounts are extremely high particularly given the sameness of many of these funds and their historical roots in trade unions. Over a million bucks to do your best to perform like everyone else and pretending to look after the workers? Wow....
We don't pay commissions
Industry Super Funds....only run for the benefit of our members!!
Two things come to my mind.
1 - We have all seen the commercials showing a large hand in the pockets of superannuation Funds members. From reading this article one has to wonder who's hands are these?
2. Considering the earnings of most members of the above mentioned Funds, isn't it disgraceful to see the enormous gap?
Most members, if not all, will never see in their lifetime, an amount as large as the amounts "earned" by these executives in a year.
It is amazing the lengths some funds go to to hide their disclosures on their website but you can find it after about 20 minutes of searching under "Relevant Disclosures".
Animal Farm is as relevant today as ever!
Granted, these salaries (over $400K in my opinion) are excessive but let's see some salaries (profit margins) for financial advisers, banks and retail fund senior management.
No matter how the above contributors spin it, individual retirement benefits are maximized if you are a member of an industry fund. This includes SMSF and retail funds. Read some Alan Kohler for his opinion on Retail Superannuation Funds and Retirement Villages. It's especially enlightening for retirees.
The stats say it all and the Government are committing a crime against the community is they continue on their present course of destroying the non-profit essence of industry funds, in favour of the big banks.
And now for the retail funds salaries please?
But Industry Super Funds claim they have low fees and are run entirely for the benefit of members.
To Gratuitous Adviser - please explain how retirement benefits are maximised, when a decent, low-cost Retail Super fund with a SIMILAR investment/asset mix perform much the same. This is the fallacy perpetuated by millions of dollars spent on advertising.
Oh yes, ask AK. Like he doesn't have his own barrow to push? Just because he is on the (severely biased) ABC doesn't mean anything these days. I don't expect we will see this article appear on a poorly disguised 'Consumer benefit' program.
I suppose on top of the salaries, you'd add the benefits like the numerous visits to the corporate boxes at various sporting stadiums etc. More like 'Run to benefit Fund and Advertising Execs'.