Friends With Money #19: What does stapling mean when it comes to your super?

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So you now have the option of stapling when it comes to your super fund, but what does it actually mean?

Superannuation has undergone a raft of changes this year in a move to make the industry more transparent and accountable to members.

These reforms, known as Your Future, Your Super, include 'stapling' which will see people taking their main super fund from employer to employer when they change jobs.

friends with money podcast super stapling

A new annual performance test will call out underperforming funds, which will have to improve their performance before they can take on new members.

In this episode of the Friends With Money podcast, managing editor Julia Newbould is joined by Active Super CEO Phil Stockwell to find out how everyday Aussies will be affected by the new super landscape.

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Friends With Money podcast FAQ

What is the Friends With Money podcast?

Friends With Money is a weekly personal finance podcast by Money magazine, offering expert insights on investing, budgeting, superannuation, property, and other money strategies for everyday Australians.

Where can I listen to the podcast?

You can listen on Apple Podcasts, Spotify, or YouTube (with closed captions available).

Who hosts Friends With Money?

Episodes are hosted by Vanessa Walker and Tom Watson from Money magazine, featuring expert guests and real conversations about money.

Is the podcast suitable for beginners?

Yes! It's designed to be accessible for beginners while still offering valuable insights for seasoned investors.

What topics does the podcast cover?

The Friends With Money podcast covers topics including banking, property, budgeting, superannuation, investing, saving, insurance, employment, travel and more.

How often are new episodes released?

New episodes are released weekly, so you can stay up to date with the latest financial tips and trends.

Can I watch episodes with captions?

Yes, full episodes with closed captions are available on YouTube.

Why subscribe to the Friends With Money podcast?

Boost your financial literacy anytime, anywhere with the Friends With Money podcast from Money magazine. Whether you're commuting, working out, or relaxing at home, this weekly podcast makes it easy to grow your money knowledge on the go.

Each episode dives into real conversations about money - how it's earned, shared, saved, and grown - with tips and insights that make finance simple and relatable. Perfect for beginners and seasoned investors alike, it's your go-to guide for building better financial habits.

Subscribe to the Friends With Money podcast today and start learning when it suits you.

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Julia Newbould was editor-at-large and later managing editor of Money from November 2019 to February 2022. She was previously editor of Financial Planning and Super Review magazines; managing editor at InvestorInfo and at Morningstar Australia. Julia co-authored The Joy of Money, a book on women and personal finance. She holds a Bachelor of Economics from the University of Sydney where she serves on the alumni council.

Phil Stockwell joined Active Super as chief executive officer in 2019. Phil has more than 20 years' experience in financial services in Australia and Asia. Previously working for Eastspring Investments, the Pendal Group, Westpac and KPMG, he has held executive and senior management roles in funds management, banking, financial planning and strategy consulting. Phil is a fellow of the Chartered Accountants Australia and New Zealand and holds an MBA from UNSW, a Bachelor of Economics, and a Bachelor of Commerce from the University of Queensland.
Comments
Christina Faulk
October 27, 2021 8.36pm

When I retired from the federal public service I was advised to put some money into (now) Hesta's industry fund's TAP ( term allocated). This is now closed and the original benefits don't advantage me - worse I'm not allowed to access any money except to move to another fund. In my mid70ties,my chances of getting into another fund are minimal through a work contract - but if I did get lucky, how can I move my remaining funds out with minimum fuss ? I really need some money for urgent house repairs.