Industry Funds rule

The Royal Commission has come and gone in its examination of Superannuation.

It barely looked at industry funds but looked at some retail funds in forensic detail. This tells us any problems in superannuation is at the retail side not the Industry side of the industry. The pouts to rest all the rumours put out by those ideological warriors who continually say everything is bad about industry funds.
It particularly puts to rest the insane claim these funds illegally put some of their monies into certain unions. I would not be surprised if this rumour started because union members of the board of various industry funds ( boards are usually made up equally of union and employer representatives) do not collect the money for their responsibilities but direct it straight to the union they represent. Note this accusation is borne out of ignorance and laziness.

Industry funds have lower costs and usually higher returns. They most certainly have much higher ethics than most retail funds as the royal commission has found out.

For most people  putting your superannuation into an Industry fund is the most obvious thing to do. Given you need at least $1 million  to operate a self managed fund this avenue is not a choice form most Aussies.

The Royal Commission has been an eye opener for most of us. It has become a marketing dream now for Industry Funds.