The fight between industry and retail super funds appears to be moving to a new battleground, this time over the appointment of directors of super funds.
The McKell Institute, an “independent, not-for-profit public policy institute”, has released a report investigating the governance structures of retail and industry super funds, and comparing this to investment returns.
However the real purpose of this report seems to be to build an argument against an increase in the appointment of independent directors to industry super funds.
This comes as the as the federal government moves to increase the number of independent directors on superannuation fund boards, which was the topic of a discussion paper released by the treasury department shortly after the 2013 election.
Read More »Report links industry super fund performance with governance