POWERED BY MOMENTUM MEDIA
EISS investigating confidentiality breach
EISS Super is investigating a breach of confidentiality of board documents being sighted by the Electrical Trades Union of Australia (ETU) union.
Answering questions during a parliamentary hearing, EISS chair, Peter Tighe was asked whether he was aware of any director who had shared board documents with a union.
Tighe said there was an issue in relation to documents being sighted by a shareholder that may have been provided by a director.
“There has been a process put in place to investigate that because of those documents are confidential to board discussions,” he said.
“…I understand the documents might have been sighted by the ETU.”
Tighe said he was not fully aware of the details but that the investigation was internal to the operations of the board.
Recommended for you
In its pre-election policy document, the FSC highlighted 15 priority reforms, with superannuation featuring prominently, urging both major parties to avoid changing super taxes without a comprehensive tax review.
The Grattan Institute has labelled the Australian super system as “too complicated” and has proposed a three-pronged reform strategy to simplify superannuation in retirement.
Super funds delivered a strong 2024 result, with the median growth fund returning 11.4 per cent, driven by strong international sharemarket performance, new data has shown.
Australian Ethical has seen FUM growth of 27 per cent in the financial year to date.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
36.43 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
35.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.72 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
27.64 3 y p.a(%)
