Comments on: Don’t collectively bill fund members who receive external advice

By: Edward

Edward — Thu, 01 May 2025 01:18:40 +0000

This has been obvious since the initial announcement. The super funds can barely keep up with simple withdrawal requests and death claims, they’ll need to raise admin fees substantially to start providing “free” advice to members.

Clearly collective charging is wrong, we had a royal commission about this sort of thing. But the most egregious thing is older members with very healthy balances accessing advice that has been subsidized by the admin fees of younger members with much lower balances. It is an absolute disgrace. Ultimately it shows that the Government has zero understanding of what advice actually is and the intricacies and benefits of quality advice.

By: Epic fail

Epic fail — Thu, 01 May 2025 00:30:11 +0000

Comrades, that’s how it works. You get your free Advice from an approved source as determined by the Central Political Committee. That Advice controlled by us Comrades is free.

The sooner small business owners give up their hopes and dreams and become Un-sackable Public Servants the better.

By: Total Commissions rort

Total Commissions rort — Wed, 30 Apr 2025 20:38:44 +0000

Yep Hidden Commissions charged to every member creates massive Commissions for no service issues.
Australia already has a huge Wealth inequality problem due to the youngens being locked out of affordable housing. Hidden Commissions charged to all members exacerbates the wealth inequality problem as youungens are forced to pay for older wealthier retirees advice.
Industry Super = HIDDEN COMMISSIONS, compare the pair.