Voting with their feet, ignoring the ideology.. Industry fund Australian super has received $2B in transfers, mostly from retail funds in the last 2 months.. hopefully it continues
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Stutchbury is a mindless moron, he manages to ruin 'Insiders' every time he makes an appearance and his political bias couldn't me more obvious. Why he's editing any publication whatsoever is beyond me, and it is a smear on their reputation
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I was with Telstra Super for years. Three years ago changed to BT Super and put 100% into Vanguard, now enjoying phenomenal returns. My employer pays my fees. From now on my decisions won't be influenced by the bogus marketing that trashes retail funfs
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@FinancialReview My industry super fund has REDUCED its fees this year - have any of the greedy banks done that?Thanks. Twitter will use this to make your timeline better. UndoUndo
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yes, go for it Bernard, this is one Big Lie and the lying liars who run this rubbish should be hammered
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I buy the AFR a couple of times a week and I think the editorial wouldn't be out of place in a News Corp paper. As for bagging industry super, they should just give up. They don't rip off members and give better returns. End of story.
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If the Lib Party is dragged to the right, for the sake of the handful of 1nation votes, good luck, sayonara saps.
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It’s where they’ve headed already. One Nation is only part of it. Apparently God exists predominantly for people on the far right, and they all seem to be chasing Her vote.
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The figures support the fact that the majority of Lib voters are centre right, and ashore extremism. I may be wrong but let’s find out please.
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So what options do they have? They seem to be in political no-mans-land.
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They hate the fact that there's $600b+ in industry super funds (and rising) and they can't get their grubby hands on it. And they're scared of $600b+ in investments being made for workers and not the top end of town.
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Stutchbury is crooked as a Mara a lago swamp.
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I remember early Stutchbury from his late night TV slots. He's obviously still on planet delusional.
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So AFR has decided to ignore the revelations of the Royal Commission. Private funds slammed. Can only imagine that there is self interest at stake here.
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How can such people bear the dissonance between the evidence and the ideology? I have no ace to grind but the retail funds are clearly inferior and guilty of far worse conduct than the average industry fund.
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And the analysis seems dumb. Whether assets are illiquid is irrelevant if they generate strong cash flows.
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can you link me to the article?
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Apologies, read in hard copy. It is the editorial
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