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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Cliff Man
CHIEF EXECUTIVE OFFICER
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ETF Shares chief executive Cliff Man spent his career automating, building and challenging established systems. Now, he is betting that Australia's ETF market has room for something different. Vinny Vucago writes.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
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".