Yet more proof trustee companies are useless fee collectors

Former commerce minister Simon Power missed an opportunity.

Mon, 05 Apr 2021

Yet again a trustee company has proved itself incapable of reining in an errant manager.This is yet another reason why we should ditch the practice of having a trustee/supervisor supposedly overseeing the actions of those who manage public investment vehicles.All they accomplish is creating a false sense of security for those investing in the public investment vehicle and they add another layer of costs: a waste of money, in my view.The latest example of uselessness involves Trustee Executors, which supposedly supervises the manager of Vital He...

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