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According to the report by Australian Financial Review dated 23 July 2020, not-for-profit super funds (industry super funds) awarded a total of $43.5 billion in

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According to the report by Australian Financial Review dated 23 July 2020, not-for-profit super funds (industry super funds) awarded a total of $43.5 billion in mandates to third party investment managers in the 12 months to March 31 2020, with Macquarie the largest beneficiary and Hostplus the largest issuer. HostPlus is the industry superfund dedicated to Australians working in tourism, hospitality, entertainment and sports, with 1.2 million members and assets under management of $47.8 billion as at 30 June 2020. Discuss one agency issue arising from HostPlus' outsourcing of funds management and describe the impact on its members. According to the report by Australian Financial Review dated 23 July 2020, not-for-profit super funds (industry super funds) awarded a total of $43.5 billion in mandates to third party investment managers in the 12 months to March 31 2020, with Macquarie the largest beneficiary and Hostplus the largest issuer. HostPlus is the industry superfund dedicated to Australians working in tourism, hospitality, entertainment and sports, with 1.2 million members and assets under management of $47.8 billion as at 30 June 2020. Discuss one agency issue arising from HostPlus' outsourcing of funds management and describe the impact on its members

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