Your super may be funding Labor’s broken promises

Your retirement funds may be benefiting Labor

Industry superannuation funds are great if you are a member of one. Low administration fees, focused on returns for members, and in some industries, still part of an anachronistic, closed-shop union deal.

My latest article in the Spectator Australia considers the inequity of industry super indirectly funding Labor. Given the series of broken promises, some industry super fund members are right to be upset.

In the Unfiltered newsletter, Alexandra Marshall had this to say:

Michael de Percy has written a piece this morning pointing out that your super money is funding the Labor Party – whether you like it or not. While I disagree with him on the merits of super, his insights into how it is being abused and manipulated are well worth the read.