This practice is outrageous and must be regulated out of existence. Superannuation funds should be selling themselves on long term performance, environmental sustainability, low fees and costs, etc and not by using superficial inducements. We want people to take superannuation and retirement seriously.
This practice will lead to employers and unions being given backhanders.
Also QantasPoints are worth nothing these days.
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