Gov R Gangsters, eventually will be too late for some of us who have had enough. I do not know why the Industry Funds have been able to do what they want when they want without any cost or loss of name them. They are exactly the same as the Big $ & AMP, yet for some reason, they have always been treated differently. How the hell can you compare the pair, when they invest differently to retail funds, do not get yearly valuations on their property like the others do (Refer to the GFC when they made a profit for members each year as they held off on the revaluations of their property portfolio until values had gone up again). Their Balanced Funds vary from 50% growth assets up to 85% growth assets, it is not a level playing field and never will be until ASIC & APRA put rules in place for all Super Fund providers.
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