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
The super fund announced that Gregory has been appointed to its executive leadership team, taking on the fresh role of chief advice officer.
The deputy governor has warned that, as super funds’ overseas assets grow and liquidity risks rise, they will need to expand their FX hedge books to manage currency exposure effectively.
Super funds have built on early financial year momentum, as growth funds deliver strong results driven by equities and resilient bonds.
The super fund has announced that Mark Rider will step down from his position of chief investment officer (CIO) after deciding to “semi-retire” from full-time work.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
76.97 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
76.46 3 y p.a(%)
3
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
51.13 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
45.15 3 y p.a(%)
5
Select Baker steel Gold Institutional
43.78 3 y p.a(%)
