Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Lack of Due Diligence by Military Superannuation Fund leaves a $7.89 Million Sting

So, the financial management team responsible for the oversight of our military's superannuation in Australia didn't realise it would be stung an ~ $8M withdrawal fee. Makes you wonder if they actually know what they're doing. Not very reassuring in today's market.