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Super Consumers Australia says we need to improve protection for disabled Australians beyond the insurance provided in superannuation. Former minister for superannuation Nick Sherry, also says we need a better way.
Is your fund best placed to help you plan for retirement? We tried out the free advice around retirement planning on offer from super funds.
New research from Super Consumers Australia has found that funds that failed the performance test have cut fees by an average of more than 20%.
The financial threshold test should be removed, according to Super Consumers Australia and a leading consumer advocacy lawyer, as measuring net worth is an unreliable indicator of financial literacy.
The most recent APRA heatmaps show many Choice super products are underperforming, which will leave their members with less in retirement.