A good rant with lots of CAPITAL letters.
Re the IPA (aka Institute of Public Affairs) piece of disinformation. Being a right wing, employer based, conservative organisation well it is not going to write something nice about the unions and industry funds. The report is a political spin and so must be read cautiously.
Re another Royal Commission. There has been a Royal Commission into superannuation funds (including industry funds) and so no need for another one. Probably not a good idea anyway as more disclosures will undoubtedly eventuate on more bad behaviour of the for-profit funds.
Re hospitality stunts by a couple of industry funds. Terribly disappointing for you that this was about all that came out on the industry funds in the Royal Commission. Thankfully for the for-profit funds that they gave the Royal Commission plenty of other stuff to examine. You are truly naive to think that the for-profit funds do not spend lavishly on hospitality for themselves and their mates.
In order to give you the best site experience, we need to know what kind of investor you are. Please select the title that best describes you below.
Financial Advisers - Investment
Financial Advisers - SMSFs
Individual Investors with SMSFs
Financial Advisers - Insurance
Accountants and Solicitors
Financial Services Professional