Comments on: Top ten problems with our super system, and how we can fix them

By: THE SOAPBOX: Defending decent SMSF trustees | DIY super

THE SOAPBOX: Defending decent SMSF trustees | DIY super — Mon, 23 Aug 2010 04:29:10 +0000

[...] Even more concerning is that some of the largest super funds in Australia are inter-related through the use of common fund managers and asset consultants, and many of the 160-odd retail super funds available are offered via a handful of large organisations. Ah, but the discussion of potential ‘trustee’ risk and ‘fund manager’ risk associated with large funds just has to be shelved for a different article, or perhaps the closeness of the industry is something that the latest super review should be examining (see article: Top ten problems with our super system, and how we can fix them). [...]

By: No SG for over-70s: now, that’s not fair | Boost your super

No SG for over-70s: now, that’s not fair | Boost your super — Tue, 20 Jul 2010 03:29:51 +0000

[...] have received a lot of encouraging emails from readers commenting on my top ten problems list, including a timely email from one reader about the fact that Superannuation Guarantee ceases when [...]

By: Trish Power

Trish Power — Tue, 30 Jun 2009 20:11:47 +0000

Hi Noeline, without doubt the (lack of ) policing of the recalcitrant minority of employers in relation to SG obligations has, and continues to be, a weak spot in our super system. My list of super problems has now grown into the ‘top eleven’!
Regards
Trish Power

By: Noeline Hardy

Noeline Hardy — Tue, 30 Jun 2009 07:32:32 +0000

The 9% guarantee is a Government ruling, therefore they should be policing that the employer does the right thing. e.g. My son being of very tender years and very uninformed about finances, worked for an employer for some 19 years. It wasn’t until his employer retired that my son found that his 9% hadn’t been paid for the previous six years. The rule is that the last five years is the limit that back payments can be claimed through the Superannuation Guarantee claims. It would appear that my son will be very fortunate if he ever receives the money owed to his super, not to mention any interest on approx. $19,000 dollars.