GESB: A costly Super fund
An interesting article from the ‘Your Money’ section of the West Australian on Monday, November 8th. Most Superannuation funds continue to implement changes to make their processing turnaround times faster, in order to remain competitive. GESB’s 20 day turnaround is now unheard of in the industry – investors want fast and transparent processing. This is indicative of some of the issues Industry Superannuation funds face when competing in the broader market.
Unfortunately, WA Government employees don’t currently have a choice about which fund they use – and are currently stuck with GESB: a fund which, as Nick Bruining points out, has faced ‘heavy scrutiny’ in recent times.
