“Super Guru” launched by ASFA
By Ross Kelly
With choice of fund just one week away, a free online guide aiming to help consumers attain a comfortable standard of living in retirement and assist employers to fulfil their obligations under the new regime has been launched by the Association ofSuperannuation Funds ofAustralia (ASFA).
The ‘AFSA Super Guru’ is written by policy experts employed by the association and contains user-friendly, easily digestible advice for consumers which it says will help to “bridge the understanding gap” and “set people on the road to super enlightenment”.
The guide spells out what would happen to a person’s super if a spouse were to die, how to choose the right super fund and how super affects access to the aged pension. For employers, the guide outlines for which employees choice is applicable, and how the legislation applies to workers on Commonwealth and State Awards and Australian Workplace Agreements and Certified Agreements.
‘Super Guru’ also contains definitions on relevant terms and phrases, as well as a series of calculators.
“Many people have probably been putting off thinking about their super. Yet when the Standard Choice Form gets handed to them by their employer in July, they could find themselves looking for guidance. They need to know not just about whether they should choose a new fund, but how their super works as well,” said AFSA chief executive Philippa Smith.
Recommended for you
Far too few wealth managers are capitalising on the opportunity presented by disruptive technology to deliver personalised investment solutions to the mass affluent demographic, according to PwC.
With over half of advisers using managed accounts, HUB24’s head of managed portfolios has unpacked the benefits driving their usage and how they can be leveraged by advice practices.
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
ASX-listed platforms HUB24, Netwealth, and Praemium have used their AGMs to detail how they are using artificial intelligence to improve their processes and the innovative opportunities it presents.
