Interesting article Annette. As someone who has just retired at 73 you are spot on with a lack of independent information being available and super funds are unable to give advice it seems.

I can get a better return on my cash in an online bank account than my super fund is offering which doesn't inspire me with any great confidence.

Surely "Since it started, compulsory employer contributions have steadily grown to 12% and the total super pool to more than $4.3 billion." is a mistake? Later you state that there is "...$575 billion in member assets in the retirement phase." It seems a huge discrepancy between the two if this is correct.

Reply to article

For original story, Click Here.