Union funds may lose inside run

Original article by Sally Patten
The Australian Financial Review – Page: 1 & 6 : 19-Jan-15

The Australian Government aims to enhance competition in the superannuation industry by making changes to the MySuper system. Assistant Treasurer Josh Frydenberg argues that any super fund that offers a MySuper product should take contributions from all employees, regardless of whether they chose their own super fund. He wants to have super funds removed from workplace agreements and require funds to improve their disclosure practices. Frydenberg also proposes to introduce a requirement for more directors of super funds to be independent

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY,{SPAC}AUSTRALIA. FAIR WORK COMMISSION,{SPAC}AUSTRALIAN LABOR PARTY,{SPAC}INDUSTRY SUPER AUSTRALIA PTY LTD,{SPAC}AUSTRALIA. PRODUCTIVITY COMMISSION,{SPAC}COMMONWEALTH BANK OF AUSTRALIA – ASX CBA,{SPAC}ASIAN FINANCIAL FORUM,{SPAC}FINANCIAL SERVICES COUNCIL