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Thursday, November 10, 2005

Superfunds

Recently, Australians have been able to choice their own superfund. Most people are likely to choose the best performing funds if ever get around to looking at what is best for themselves. The best performing are the Industry ones that have been run by the Unions. They are the best because they don't charge massive fees for what they do.
Thus overtime this funds will grow and they will control more and more of the marketplace. In the end, the funds of the workers will end up controlling the companies indirectly.
Also the government has created the Future Fund which is going to invest in the marketplace. This is kind of like they reverse nationalising the companies of Australia. Which is sort of odd if you think about it.... They privatise companies then buy them back to fund Super for public servants.

1 Comments:

  • At 8:51 pm, November 11, 2005, Blogger Chai said…

    There was a Dilbert cartoon where the "visionary" manager decentralised the organisation, bucketing the old system. Next cell was 12 months later and he was centralising the organisation, bucketing the old system.

     

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