Originally posted by The-Head
"The unions super funds have been having a grand old fee feast and now its become clear that nearly $3.8b pa is being sucked out in bad products and fees. Labors answer?? allow these rorts to continue and fight for the unions fees and stuff the worker who contributes. Fight against it to keep the gravy train going. Where is their slogan of 'fairness now'? Imagine of the libs tried this crap on?"
Copperroad ....Please old mate can you point out with some sort of benchmark how members of union super funds are getting ripped off?
You want an example Head? ..it has been revealed that employees moving from one employer to another are being placed into a new Superannuation Fund at every turn.
It has been revealed that these employees are unwittingly paying big fees to each and every fund. No cigar for guessing which funds have the biggest reach eh...
The Government is now having to consider new Legislation to ensure employees continue with their original first Super fund rather than get stuck with a new one with every new job.
