Find lost super in 4 steps, and make quick cash
Did you know that billions of dollars is sitting in lost super accounts waiting for Australians to claim the super cash? If you change jobs regularly or you have had part-time jobs while at school or university, then it is highly likely you have more than one super account. On average, every working Australian has 3 super accounts potentially costing them thousands of dollars over a working life.
THE SOAPBOX: Setting targets – how old school!
A major flaw in Australia’s retirement income policy (and in the investment techniques utilised by the skilled professionals who work in the super industry) is the lack of focus on outcomes – specifically, long-term outcomes that enable Australians to plan towards a ‘target’ retirement income, and a target lump sum to deliver that level of income.
FEEding frenzy: super fund fees
When superannuation funds are delivering strong returns, you don’t see much written about the costs of investments, including the costs charged to member accounts by super funds. When returns are poor however, fees become more obvious.
Super for beginners, part 18: My employer hasn’t paid my SG. What can I do?
Q: What steps can I take to ensure my employer contributes all I’m owed to my super fund? I’m a non-resident who has just been refused a visa to stay longer in the country.
Retail funds outperform industry funds in 2009/2010
Can you feel it? The warm breeze is the collective sigh of relief within the funds management and superannuation industries that super fund returns are in the black – and in double digits.
Super funds deliver 10% for 2009/2010 year
It was touch and go for Australian superannuation funds, enduring a shocking sharemarket performance in May and June, but super funds have stumbled over the line to deliver double-digit returns for the 2009/2010 financial year, according to rating company Chant West.
SG made easy: just add Medicare
If you run a small business and have employees, or work for a small business as an employee, then you should read this article. The Federal Government is launching a free superannuation clearing house for businesses that have up to 19 employees. The clearing house will be run by Medicare Australia.
Super for beginners, part 13: Why pick one industry super fund over another?
Q: I know that industry super funds generally have a good performance – particularly because of low fees, but I wondered, what is the benefit of picking one for your particular industry?
How many financial advisers operate in Australia?
Q: I’m desperately looking for information on an approximate breakdown of how many Australian financial advisers are part of a dealer group, and how many are operating by themselves as individual businesses. I’ve asked ASIC, FAA and the FPA and I can’t get an answer.
Super fees: how much should a fund charge you?
The Super System Review (SSR) panel, in particular, chair Jeremy Cooper, has drawn a line in the sand and publicly stated that the SSR believe it’s possible to reduce the fees charged by super funds to a mere half a per cent, or even less. Go Mr Cooper!
Warning: APRA suspends trustee of 4 super funds
If you’re a member of one of the following super funds, then you need to read this article. Astarra Superannuation Plan, Astarra Personal Pension Plan, My Retirement Plan, (including subplans – Seagrims Retirement Plan, TIC Super, and Titanium Retirement Fund), Employers Federation of NSW Superannuation Plan.
