Superannuation Minister Jane Hume says it is important the “Your Future, Your Super” legislation is passed to ensure superannuation funds best serve their members because it is “certainly not a cottage industry anymore”. Ms Hume said there is currently $3.1 trillion in superannuation assets under management and around $30 billion a year paid in fees across the country.
“That’s why it’s so important that we pass the Your Future, Your Super legislation as soon as possible to make sure that this is an efficient system that’s serving embers rather than funds,” she said. “We think that it will defiantly pass because I think people realise that the most important thing that we can do is make sure that your super fund follows you throughout your working life”.
SenatorHume They want your super in their hands or the hands of a bank.
SenatorHume
SenatorHume the only Funds found by the Banking Royal Comm to not to be serving the members were the banks and retail funds. The Industry Funds managed by 'thug' unionist outperformed them on every level
SenatorHume
SenatorHume Inflation, housing, higher cost of living will supersede super. Gov better get used to paying more welfare. Better start taxing Murdoch properly.
SenatorHume Yeah because the LNP keep gutting it