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How Cbus’ big party year went horribly wrong

How Cbus’ big party year went horribly wrong

It’s not the biggest or the worst performing of the super funds. So why has Cbus become the poster child for the $4 trillion sector’s problems?

This was supposed to be a year of celebration for Cbus. The construction industry fund marked its 40th anniversary in July and a slew of marketing campaigns and events were planned.

“It’s an exciting time to lead Cbus Super,” CEO Kristian Fok wrote to members in March. In a media release, chairman Wayne Swan said it was “an opportunity to reflect on the achievements of the fund”.

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Hannah Wootton
Hannah WoottonColumnistHannah Wootton is a Rear Window columnist, based in Melbourne. Connect with Hannah on Twitter. Email Hannah at hannah.wootton@afr.com

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Original URL: https://www.afr.com/link/follow-20180101-p5kufw