MEMBERS GET ALL CBUS PROFITS
Miranda Devine’s article (“Activist cabals funded by super”, 27/5) represents a departure from reality-based commentary and does a disservice to the hundreds of thousands of your readers whose retirement savings are invested in high-performing industry super funds.
Your columnist did not at any time contact Cbus Super Fund nor seek to check any of the wild and irresponsible statements she made.
The fact is this: Cbus does not make political donations to unions or employers. The article’s assertions of “secret industry fund payments to unions”, “donations”, “theft” and “kickbacks”, are false.
Cbus is an all-profit-tomember fund — everything we do is in our members’ best interests to maximise their retirement savings.
It should also be noted that our insurance cover is tailored to the needs of our members in the hazardous building and construction industry.
Most workers don’t need to worry about injuries and fatalities at work. Ours do. If it wasn’t for Cbus Insurance, many of our members wouldn’t be able to access insurance at all.
To suggest Cbus acted “ominously” by advising a member about the importance of adequate insurance cover is likewise in our view unprofessional and ill-informed.
STEVE BRACKS CHAIR, CBUS SUPER FUND