Choice of fund no plus for Australian workers: ACTU

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AUSTRALIA - The choice of fund legislation being introduced by the Federal government in 2006 is simply a direct push by banks and life companies to increase their funds under management and lift profits, the Australian Council of Trade Unions argues.

Addressing the Australian Institute of Superannuation Trustees, ACTU secretary Greg Combet said the legislation would do nothing to improve the retirement income of Australian workers and was more ...

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