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“In terms of the dollar per member, that’s a statistic, we can pull statistics that we find useful. If you pull salary for myself, chair, and CIO and anybody else based on average account balance, we’re one of the lowest paid. “I think if you want to look at the salary paid to me and my team, you’d need to compare it to other funds with full in-house operations, administration and all the other functions we perform in house and in that I think you’ll find my salary is very moderate in comparison.” Wilson replied: “Your CEO pay is reportedly a base salary of more half a million dollars with remuneration of up to $612,000 I wouldn’t call that modest under any circumstances do you?”. ....
Maritime Super says it's still up for a merger afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
“Should a trustee be unable to adequately demonstrate that members’ best interests are being prioritised in its decision-making, or it appears that a trustee may have failed to meet its obligations under RSE [Responsible Superannuation Entity] licensee law, APRA is prepared to take a range of actions to safeguard members.” Bragg said Martime Super was a “shell company” for the benefit of the Construction, Forestry, Maritime, Mining and Energy Union (CFMEU). “The idea of mergers is to create economies of scale and to reduce costs but also to remove persistent poor performers like Maritime Super,” he said. “It seems inappropriate for poor-performing super funds to be put onto life support via a quasi-merger.” ....
The prudential watchdog has revealed it is watching proceedings between Maritime Super and Hostplus, as a Liberal senator has slammed the pair’s proposed pooling of assets. The two super funds rec ....