All super funds pay ‘dividends’
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“Your latest podcast suggests retail funds pay ‘dividends’ or profits to their shareholders, yet industry funds do not.
If you follow the money then you’ll see it isn’t that simple.
Under legislation no super fund can operate for profit. The underlying service providers can however operate for profit.
Most industry funds outsource services like Administration, Investments, Insurance, Accounting, Legal, IT etc to other companies. Many of these are listed on the ASX, who pay dividends to shareholders.
The difference is that many Retail funds in the past opted to do their own administration, investments and insurance.
That isn’t the case today as most super funds outsource most services.
Therefore there isn’t really much difference re the direction of profits.
The question perhaps to ask is why the fund exists.”
tatatatatataaaaaarget via Apple Podcasts ·
Australia ·
11/18/22
More reviews of It All Adds Up
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“Your first episode of It all adds up was full of relevant advice for those wanting to buy a home. It was relatable as you shared your personal stories in a way that showed your willingness to uncover what was available.
It would be good to hear more on what those who are older and do not own...”Read full review »
siiansongs via Apple Podcasts ·
Australia ·
08/25/22
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“This is such a helpful and insightful podcast, presented by two eloquent, friendly and knowledgeable presenters. I highly recommend subscribing! I have already put many of Jess and Dominic’s tips and strategies into practice. I think this podcast is particularly helpful and reassuring in these...”Read full review »
CurrawongSong via Apple Podcasts ·
Great Britain ·
12/18/22
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“The episode on crypto contained a lot of misinformation - eg, “crypto uses a lot of energy” without pointing out that Ethereum has recently moved to proof of stake and energy use has reduced by 99%. Solana & others also use tiny amounts of energy. Really poorly researched episode & based...”Read full review »
MallikaL via Apple Podcasts ·
Australia ·
10/08/22
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