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He has recently joined an industry super fund.
Most superannuation funds have a mantra of "profit for members", and that's everyone who has a super fund.
Luckily Australians can shop around and make up their own minds on which super fund is best protecting them from the impacts of climate change on their portfolio.
The industry super fund group said the royal commission should consider banks' vertically integrated business model and whether to structurally separate banks and super.
Then a financial advisor came to see me armed with a voluminous folder containing an investment strategy for my super fund.
She had a self-managed super fund paying her $30,000 a year, of which $8,000 consisted of franking credits on the dividend income.
Similar(19)
He nominated industry super fund-owned bank ME as an example.
And industry super funds have consistently delivered results – annoyingly better results than retail super funds.
Australians have saved close to £1.5tn into their "super" funds.
Almost all Australians who have superannuation hold shares, through their super funds, in these companies.
"Super funds invest in companies listed in the Cayman Islands!" they cried.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com