Aged care has become a critical issue for superannuation members looking to plan for themselves and those looking to plan for their parents, according to Energy Super.
The fund said there were many members who were unsure where to turn for help.
Energy Super chief executive, Robyn Petrou, said "from the overwhelming response we've had to our [aged care] seminars, it's clear that Australians are crying out for help with this issue. For many it's something they've never encountered before and have been unsure where to turn for help," she said.
Due to this growing interest, the fund's financial advisers have received aged care accreditation to provide advice solutions on the aged care industry, aged accommodation choices, and the services provided by ACAT, Home Care, Centrelink and Veterans' Affairs.
"Initially we thought the interest would be predominantly from members aged over 60 years looking to plan their future, but we've had an equal amount of interest from members aged 40 to 50 years needing to help their parents.
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The Albanese government has put forward a bold proposal to tackle the challenges of Australia’s swelling retirement pool, in an effort to allow superannuation funds to play a more active role in shaping members’ retirement outcomes.