Last night many of us saw Bernie Fraser, former Governor of the Reserve Bank and one of the most respected financial voices in Australia, make an address to 5 million Industry Super Fund members in a national telecast broadcast simultaneously on Channels 7, 9 and 10, and supported by full page print advertisements this morning.

The ACTU and unions support industry funds and other “all profits to members” funds. These funds continue to deliver to their members higher investment returns, on average, than “for profit” funds while maintaining lower costs.

Bernie Fraser is a long-time advocate and fearless supporter of Industry Super Funds.

He donated his time and effort to make this address to Industry Super Fund members because he believes that despite the difficult market environment “now more than ever, you’re better off with an Industry Super Fund.”

Bernie asks members to remember during this period of volatile markets that super is a long term investment. He strongly believes in Industry Super Funds because of their qualities:

•           Better investment performance

•           Low fees

•           No commissions to financial advisers, and

•           They are run only to profit members

To hear Bernie Fraser again, or if you missed this important address please visit:

www.industrysuper.com

And for some important Do’s and Don’ts in this period of market volatility visit:

http://www.industrysuper.com/bernie-fraser-statement

Bernie Fraser and Garry Weaven were also interviewed on the ABC's 7.30 report last night about the financial crisis and it's impact on superannuation. If you would like to view the transcript or the video visit the ABC web site http://www.abc.net.au/7.30/content/2008/s2391040.htm