Lee Kuan Yew’s true legacy in Singapore

Police launched an investigation into possible perjury after the chief judge handed down the verdict. Despite agreeing to an interview, the couple did not appear.

They can return to Singapore and clear their name. But don’t expect any special treatment. It is precisely Lee Kuan Yew’s legacy that no individual, not even his son, is above the law.

The leadership transition from Lee Hsien Loong to Lawrence Wong is progressing smoothly. Ultimately, Singaporeans will decide which political party they want to govern the country.

Anil Nayar, Singapore High Commissioner to Australia

Why our super fund isn’t world class

Hannah Wootton said last week that “Eight of the industry’s most powerful pension funds spent around $6 million in sponsorship, promotions and executive compensation last financial year, as part of a massive $197.1 million marketing spend. was paid to the labor union.”

As expected, the fund tried to justify this spending as a vehicle for growth. Apparently, the only thing that matters is scale. A question arises here. If size is so important, why aren’t larger funds willing to merge?

But that claim is false. Size doesn’t really matter and, strangely, fees haven’t gone down even as funds have grown. Despite Australia’s super fund being large by global standards, members are not realizing the benefits of increased size. In fact, economies of scale are reduced by technology.

Australian superannuation fees are up to 10 times the fees of overseas investment funds, which are often much smaller. Competition leads to efficiency and lower fees. Our funds are fat, lazy, and expensive. They simply provide market returns but charge multiples of wholesale investment fees. Net income after fees is significantly below the market. Therefore, the Fund’s assertions about the need to spend on promotion, marketing, and sponsorship are false.

With world-class low rates, the superannuation guarantee would have remained at 9.5% and retirees would have ended up with more in their retirement savings.

Australia’s super funds are not world class, apart from being rent seekers. If they had focused on taking care of their members instead of lobbying politicians and pushing for legislative protections, their members’ lives would have been much better off.

Paul Lindwall, Jerrabomberra, NSW

Sydney to Hobart: Yachting Ignorance

Contrary to your report, LawConnect did not win the Sydney to Hobart race and was by no means an underdog. Like all mastheads across the country, the journalists have absolutely no knowledge of yachting or this race. It was a handicap race and the real winner was still on the water.

Other mastheads should stick to football, you should stick to money.

I’m a river sailor, but I also own a small yacht for recreational purposes, which puts me in the same circle as actual ocean yachts. I therefore follow the Melbourne-Hobart West Coaster and the Melbourne-Osaka two-hander.

My friends don’t know where Bass Strait is and always ridicule the lack of knowledge of journalists who always claim that boats between Sydney and Hobart cross Bass Strait. it’s not. Melbourne-Devonport (Rudder Cup) and West Coaster boats pass over this bridge.

Roderick Smith, Surry Hills, Vic

Feelings of gratitude to nurses and doctors

After reading for 20 years, Australian Financial Review And since I personally know the former editor, this is my first letter to Finn. I am recovering from a bone marrow transplant that saved my life. The doctors and nurses worked diligently to provide me with the best possible care with the resources available to guide my body through this difficult process.

recently, financial review We published an article regarding wage increases in the medical sector. It contained factual errors. For example, nurses were given 1.5 percent of their salary instead of the stated 4 percent. The highest numbers were among elderly care workers. It was the highest pay rise since Tony Abbott, the health secretary and then prime minister, slashed the health budget and froze pay rises for doctors and nurses. Meanwhile, medical staff struggle and perform miracles.

Michael Coughlan, Junction, NS

Plibersek’s self-defense stunt

As the climate emergency worsens and ocean temperatures rise, species continue to become extinct and habitats disappear at an alarming rate. Is removing Tasmanian handfish from the environment and housing them in captivity the best proposal Environment Minister Tanya Plibersek can come up with? Really?

Or is this “On Tanya’s Watch”, with no regard for the broader climate emergency, the real reasons we are driving species toward extinction, and the losing battle against human-induced climate change? Is this a desperate attempt to prevent species extinction? Tanya: Stop acting like self-preservation and do something meaningful to protect us from climate change.

Colette Harmsen, TASS News Tinderbox

Immigrants rush to Albanians

Former Labor senator John Black (“I still think Labor is expected to win”) is surprisingly frank. It is hoped that Anthony Albanese’s unpopular influx of immigrants into the predominantly Asian country will sway voters from voting left to voting right. In the modern Labor Party, this is seen as wise, not corrupt.

And what about modern liberals? They don’t have the courage to seriously try this re-engineering. They would rather have a loud discussion about the 140 detainees and their $135,000 immigration trade. That is, almost all but an unprecedented 518,000 net immigrants of Albanians.

Stephen Saunders, O’Connor, ACT

Pilger called attention to crime

It is always sad to read about someone’s death, even if they are 84 years old and have lived a healthy life. John Pilger’s death is a further loss as he was a loud voice calling attention to the tragedies, indeed crimes, that have occurred around the world, including those perpetrated by the Khmer Rouge.

We need more voices that tell the truth and we must value them. Vale John Pilger.

Dennis Fitzgerald, Box Hill, Vic