29.06.2011 - Superannuation funds criticised for performance

Paul Costello, who now heads the federal government's consultative committee on its superannuation reforms, dropped something of a bombshell at a super industry lunch last week. He bluntly told a room of several hundred people including the heads of big funds that their investment performance had failed investors. You could have heard a pin drop. Few offered a question after the speech; I think many people were too shocked..............................................Full Article: Source

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