POWERED BY MOMENTUM MEDIA
Survey finds super key to election
Most super fund members agree that superannuation will be a key issue for the upcoming election, according to a recent survey.
A Sunsuper survey of 1000 members conducted by Galaxy Research has shown that 68 per cent of members believe superannuation will be an area to watch in the lead-up to the election.
Over half (57 per cent) were worried rumoured changes to the superannuation system would negatively impact them, with baby boomers (76 per cent) the most anxious about possible Government interference.
Over half (56 per cent) of baby boomers felt potential changes to the system were eroding their confidence in superannuation.
Sunsuper customer experience and insights general manager Teifi Whatley said the results of the survey showed members felt super was important — but were losing confidence in its ability to act as a retirement-savings vehicle due to Government tinkering.
"It's important that any changes to the system must be made in the context of the key objective of superannuation, which is to provide Australians with a financially comfortable life in retirement," Whatley said.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
Governor Bullock took a more hawkish stance on Tuesday, raising concerns over Trump’s escalating tariffs, which sent economists in different directions with their predictions.
Equity Trustees has announced the appointment of Jocelyn Furlan to the Superannuation Limited (ETSL) and HTFS Nominees Pty Ltd (HTFS) boards, which have oversight of one of the companies’ fastest growing trustee services.
Following growing criticism of the superannuation industry’s influence on capital markets and its increasing exposure to private assets, as well as regulators’ concerns about potential risks to financial stability, ASFA has released new research pushing back on these narratives.
A US-based infrastructure specialist has welcomed the $93 billion fund as a cornerstone investor.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Global X GlobalX FANG+ ETF
33.51 3 y p.a(%)
2
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.62 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
