Tips and rumours

Nov 27, 2012

Tips and rumours

Bib Brother watches over News? ... whispers of more job cuts in the Murdoch empire ... new laws obstruct DIY super (and who wants life insurance anyway?) ...

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  1. dazza

    The fees involved in running a self-funded super are huge. First the Financial planner takes his yearly share of $$ thousands, and of course the accountants want a double whammy by way tax assessment and mandatory audit. That involves $$thousands yet again. And of course the fund managers want their cut as well. That’s the reason why SFSF are/have become extremely complex and costly for the general public, middle men need to be fed, and the government always seem to be willing to bend over backwards to help the finance industries as witnessed by the GFC.

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