NGS Super lists portfolio holdingsBY MARK SMITH | TUESDAY, 5 MAR 2013 12:30PMNGS Super has made detailed investment information available to all members online, in what could be a growing trend for the superannuation industry. |
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Most of the major retail fund managers have been providing monthly fact sheets, with their top 10 or 20 holdings, for over a decade now. What industry fund members really need is 100% transparent disclosure of where every cent of the admin fees are being spent. Including cost of hospitality in boxes at major sporting events, free trips to Union conferences on the Goldcoast, payments to IFS etc etc. All the "profits" from their investments, that are spent on "doing nothing".