Super operating costs rise to $150 per memberBY MARK SMITH | THURSDAY, 7 MAR 2013 12:45PMThe costs of operating and administering superannuation funds have increased despite savings made through economies of scale, data from Deloitte shows. |
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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.
'operating and administration' includes advertiing: if Industry Super is so superior to advisor-access retail product why do they spend heir member funds on team sponsorships and expensive television advertising? Perhaps with MySuper thry won't need to in future.