COSBOA calls for industry super fund governance review

By Lorna Brett · 22 July 2011 · Locked

COSBOA calls for industry super fund governance review

Superannuation industry under fire - major governance review called for

COSBOA is sounding the alarm on a concerning trend in the superannuation industry. Will a governance review be enough to address the issues at hand?

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Summary

COSBOA has raised concerns about the culture of the superannuation industry, where it believes many director positions appear to be “sinecures” for people from unions and big business associations.

Tags: COSBOA, employer contributions, Industry super funds, Super Contributions, Superannuation