Urgent need for uniform disclosure

Weaven, Grarry
December 2005
Money Management;12/1/2005, Vol. 19 Issue 45, p15
Trade Publication
The article presents the author's comments on the money management. As there are some super funds in the industry that are failing to pass on the allowable tax deductions to the fund members on the administration costs, there is an urgent need for the disclosure of uniformity. This issue may be started from analyzing elements of the cost to members and then look at the total cost and net benefit to the member. The author suggests that the debate on management fees and administration fees in isolation will not be helpful for the members struggling to compare super funds and there is a need to abandon the practice. Net benefit is only the true measure of the return from investment of the hard-earned retirement income for the members. The author prescribes the single methodology for charging the fees in order to remove the confusion in the members.


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