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IN breaking news! The RBA has again announced a rate rise of 25 basis points..



So you know those Industry Superfund- superannuation television ads?

Their tagline; 'run only to benefit members' , while maybe true, does ask some obvious questions.

If these funds don't pay commissions to financial advisors, and are virtually non-profit organisations, with their sole interest to produce the largest growth of your capital, why do they feel the need to promote themselves? Surely there isn't any profit motive in recruiting a larger contributor base?

In other more pressing economic news; The 90 per cent tax on goldfish companies was abolished by the treasurer who is an enthusiastic but secret collector of goldfish. Or so says my economic text.


H.