Why our super system needs to change
Australians are getting subpar returns on their super, at a substantial cost to their income and wellbeing in retirement. How could you be affected?
Australians are getting subpar returns on their super, at a substantial cost to their income and wellbeing in retirement, according to a new report by the Productivity Commission.
To provide further insight into the impact of fees, investment performance, multiple accounts and insurance on superannuation members, the Commission developed a series of scenarios to illustrate how various factors can compound over time to affect a member’s superannuation balance at retirement.
Review the scenarios below to see how your super could be affected.
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