How to find out what your super is invested in and why it matters
5 months ago

How to find out what your super is invested in and why it matters

ABC  

There's a good chance that your superannuation is one of your largest assets. Your first port of call should be your super fund's website or app, which will contain information about fees, investment options and performance. How to assess the growth profile of your super fund When it comes to how your super is invested, Ms Pritchard says it's particularly important to consider the mix of growth assets and defensive assets. As a rule of thumb, if you're paying 1 per cent or more in fees each year, Ms Pritchard says it would be a "flag to have a serious review". For people looking for ethical or sustainable investment options for super, Mr O'Halloran says the Responsible Investment Association Australasia's comparison tool can be a helpful starting point.

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History of this topic

As inflation bites and interest rates climb higher our precious super may not be worth as much as we think
2 years, 8 months ago

As inflation bites and interest rates climb higher our precious super may not be worth as much as we think

ABC  

Regardless of what you think its value is, there's a certain truth to the old saying that something is only worth what someone else is prepared to pay. As global stock markets have cratered in recent months — with serious falls across the globe after interest rates began their ascent — a lot of big-name investors have been left nursing …

Superannuation’s top performers for lowest fees versus highest performance revealed
3 years, 8 months ago

Superannuation’s top performers for lowest fees versus highest performance revealed

ABC  

Like many young Australians, Molly Kane hasn't paid much attention to her superannuation. Most expensive MySuper products Fund name Total fee on a $50k balance Five-year annualised net return on $50k balance Public Sector Superannuation Accumulation Plan 1.36% 7.67% TWU Superannuation Fund 1.31% 7.92% Christian Super 1.29% 6.83% Building Unions Superannuation Scheme 1.26% 7.72% Club Plus Superannuation Scheme 1.26% 8.27% …

Super changes revealed in this budget are being hailed as a game-changer. Here's why
4 years, 5 months ago

Super changes revealed in this budget are being hailed as a game-changer. Here's why

ABC  

Our super system is set for a shake-up after surprise reforms announced in this week's Budget. "These are some of the most significant structural reforms to the super system since it started," said Professor Susan Thorp, a super expert with the University of Sydney Business School. "That means multiple sets of fees and multiple sets of insurance — and really …

What coronavirus has done to your super — and why you shouldn't panic
5 years ago

What coronavirus has done to your super — and why you shouldn't panic

ABC  

Watching the stock market nosedive and freaking out about what it's doing to your super? Key points: The average balanced portfolio has lost 10-12 per cent in the last month Experts say younger workers will have time to recover People nearing retirement urged to consider term deposits, fixed interest securities "It is putting pressure on super," said SuperRatings CEO Kirby …

How to know when it's time to change super funds
5 years, 2 months ago

How to know when it's time to change super funds

ABC  

What if I told you that by spending a few hours looking at your super account, you could end up saving tens of thousands of dollars? I spoke to three independent financial advisers to find out: The most important thing is choosing the right investment option While each super fund is different, they all have a mix of growth assets …

If there's one thing you should do by the end of this week, it's check your super
5 years, 9 months ago

If there's one thing you should do by the end of this week, it's check your super

ABC  

Are you the sort of person who feverishly checks their super balance and keeps across what's happening with their account? "We know that for the younger cohort of people — 18–34, that rises to 52 per cent," Australian Super Fund Association strategy and experience general manager Katrina Horrobin said. Having insurance through your super account might be a good option, …

Half a mil in lost earnings, and you may not even be aware of it
8 years, 3 months ago

Half a mil in lost earnings, and you may not even be aware of it

ABC  

You'd be pretty pissed off if your employer short-changed you $1500 in a year, right? If you're losing $1500 a year from the age of 22 to 66, you're actually missing out on more than $502,000, David Whiteley from Industry Super told Hack. 'People don't know they're being short-changed' Young people are also especially susceptible to being ripped off on …

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