No proof of member benefit: APRA on super fund spendsBY JAMIE WILLIAMSON | TUESDAY, 26 OCT 2021 12:44PMAPRA has found instances of expenditure by superannuation funds that does not meet the best financial interests of members, including sponsorship deals and advertising spends with no evidence of member benefit. Related News |
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Brian Parker
CHIEF ECONOMIST
AUSTRALIAN RETIREMENT TRUST
AUSTRALIAN RETIREMENT TRUST
To Brian Parker, the best investment ideas are the ones that make common sense. As chief economist of Australian Retirement Trust, Parker combines his analytical prowess and interpersonal skills to better member education and outcomes. Chloe Walker writes.
About time. It's inconceivable that sponsoring a footy team is going to provide a return to members. Will members have recourse to demand those funds are returned? After all, reading this article suggests that the trustees have a lot to answer for.
How about naming the offenders ?? I reckon i can guess three off the top of my head