Normally I would say "you wouldn't need a 3rd party managing your money if you had been able to do so responsibly yourself" but in this case, if what is being reported is true I believe the band has some very valid arguments.  the 10% figure seems to be excessive and this may very well be yet another case of someone appointed by the government taking advantage of the system.  Definitely warrants a closer look.  If anything, the management services should be put out to bid to see if they can find another agency willing fulfill the services for less money.