Sam Sicilia earning $1.11m is the most egregious as he doesn’t actually manage members funds or make investment decisions. He outsources the work to other money managers (for a fee of course), hence why it’s fees are much higher than other industry superannuation funds
Imagine earning over $1.5m a year, looking after billions of dollars of customers retirement savings, having an international team of 100 investment managers and still not understanding #bitcoin
All that cost coming out of members funds!
Buy #bitcoin and self custody!
https://www.investmentmagazine.com.au/2023/04/unisupers-cio-in-pole-position/
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