One guy who doesn’t agree that super and the super funds that dominate our retirement wealth-building industry are ignorable and boring is the outgoing CEO of Westpac, Brian Hartzer. On Monday, they effectively put to the sword any 11th hour attempt to save his job by the bank’s Chairman, Lindsay Maxted, who’s also now on the way out. Both men learnt how much power the industry super groups have when the people who lead these funds effectively showed Brian the door! But why do they wield so much power? Consider the following: • Australian Super holds $1.8 billion in Westpac shares. • There’s about $2.2 trillion in ... (full story)