I received the 2006 benefit statement from my main superannuation fund today. It’s an employer plan called Plum associated with MLC Vanguard. The good news is that my total superannuation increased by 18 percent in the year. Total earnings growth (excluding employer contributions) was 13 percent. My financial planner, who I saw earlier today, will [...]
HESTA superannuation
This blog is a rant against HESTA, the health and community services sector superannuation fund. I have an account with them into which my former employer made its nine percent compulsory payments. Upon starting at the Kalgoorlie Miner I transferred my main super account seamlessly from ING to the WA News company fund without any [...]
Golden handshake
I don’t hold shares in the National Australia Bank, but my business accounts are with them. As a customer and interested observer I find the $14 million payout to Frank Cicutto offensive. The clear inference from his termination, whether voluntary or forced, is that he accepts responsibilty for the rogue money trading scandal. A golden [...]
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