The New Daily not an investment: SilkBY JAMES FERNYHOUGH | FRIDAY, 15 NOV 2013 11:40AMThe New Daily news publication is not an investment but a member engagement tool, AustralianSuper chief executive Ian Silk has said. Related News |
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Clearly, then, as a member engagement tool, there must be an industry fund linked agenda for the New Daily (not that there was ever really any doubt of this).
Perhaps highlighting the benefits of union membership? Perhaps highlighting the benefits of industry super funds over other offerors?
It will also be interesting to see how the eventual profits from the 'member engagement tool' are booked into Australian super accounts, won't it? Will they lower the $1.50 a week fee perhaps?
This is farcical.
This is as clear as mud. Industry funds fund it out of membership money, it is supposedly independent (how?) and it is not an investment. As an AustralianSuper member I'd like to know why I am funding this? Surely there are cheaper client engagement tools......like their existing web site. Please explain!