Industry fund says get help, including financial advice
Australia’s largest industry superannuation fund Australian Super has mounted a major communications push to ensure its members receive appropriate information at the same time they receive their super statements revealing negative returns.
And among the tips the fund will be providing to its members is that they should get help if they need it including, if necessary, from an independent financial planner.
Australian Super chief executive Ian Silk said the communications push was being mounted in circumstances where the fund’s research indicated that while people were aware of the recent market volatility they did not necessarily understand how this impacted their super.
“The key message is that super is a long-term investment,” he said. “We hope that members will be encouraged to take a greater interest in their super and we want to help them make the right decisions about it.”
AUTHOR
Mike Taylor
Recommended for you
With Sanlam Private Wealth coming under ASIC pressure regarding the number of responsible managers in its business, law firm Holley Nethercote explores what the role entails and how to stay on the right side of the law.
Insignia Financial has granted CC Capital access to select company information in the hope of securing an improved offer from the private equity firm.
Recruitment agency Robert Walters has revealed the expected salary ranges for Australian financial advisers in 2025, with one particular state seeing a decline.
As global PE firms scope out the Australian wealth management industry, Finura predicts which other local names may potentially receive a takeover offer this year.
