Their defense will be almost certainly be that if they attract more members, then the economies of scale will reduce administration fees.

But that’s ok… it’s all well and good to take on new members but if you can’t service them, then you have tomorrow’s problem.

The opportunity to take on someone and disappoint is better than no having a client at all.

Where the gremlins lie are in the related party areas. But that’s a story for tomorrow.

(I.e. if you own an office building, who provided the flowers, who cut the grass, who maintained the building?) Who are they, why were they picked?

That there would be a really great deep dive.

He wanted to arguably reduce transparency and accountability of super fund trustee spending.

The ALP – party of accountability and transparency right?

Stop messing about. We’re too nice. We are at war.

Here’s a thought, I’d rather pay my CLSR fee to someone to run a campaign against the ALP.

If everyone else did the same, that’d be a rather excellent fighting fund.

Spot on boss
sad but so true

The regulators / industry super funds best buddies should be doing far more than guessing about the ISF corporate sporting boxes for the Union & Bikie bosses pleasure. And all the related party “services” these same Union & Bikie bosses benefit from via ISF preferential use.

• 85 staff working in the new business enquiries section,
• 25 New Business Development Managers
• 20 Marketing Staff.
• 18 Union employed Consultants actually doing no work but getting paid $200K a year.
• 10 Full time staff members (work from home & Offshore) working in Pensions, Fund Adminstration and Processing.
• 5 Accountants, Auditors and Fund Adminstrators. 4 are based in Vietnam.
• 1 Full time IT guy to keeping Windows Vista running
• 1 Full time Training Manager because we don’t train staff.
• 1 Part timer that scans in authorities to proceed. Typcially processing them 3 weeks after your present the SOA.
• 1 Part timer comes in on a Wednesday to work half a day in the deceased estate team.
• 1 Part timer comes in on Thursday called the Complaints Officer, that also doubles as the Insurance Claims Liason Officer.

Note we’ve moved to a 4 day a week, and staff members working from home need to log on to Microsoft teams at least 2 hours a day.

Watched a game of NRL featuring the Titans over the weekend. Coming to you from Cbus Super stadium

Love to see the figures at advertising on TV at the moment, because Aware Super is starting to become as frequent on our TV screens as Hardly Normal. And Jerry negotiates big discounts

How can any of this rubbish be seen as being of benefit to members