Friends With Money #19: What does stapling mean when it comes to your super?
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.
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.
Listen on Apple Podcasts: https://apple.co/3mV0Cbr
Listen on Google Podcasts: https://bit.ly/3qGfsoL
Listen on Spotify: https://spoti.fi/3fSPI2h
Subscribe on YouTube for closed captions and transcripts: https://bit.ly/42VQFMY
Get stories like this in our newsletters.