From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...
Super director remuneration ...
No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...
A “concerning” number of Aussies don’t know what they pay in super fees, a young super fund has said. ...
The corporate regulator has shared some ‘disappointing’ findings upon reviewing the public communications of more than 20 trustees with regards to death benefits....
According to the industry body, funds should have an obligation to transfer members in failing products to better-performing products in a timely way....
I agree with the thrust of the article in that long term performance is too simple a metric to pick a super provider and wanted to call out two key points not specifically mentioned
1. Using the representative member balance of $2k provided by the PC does not correlate to the Performance by super ratings using a representative member balance of $50K due to the fixed dollar costs (member fees)
2. MySuper legislation means many funds have a little more than three years performance history, should the PC effectively exclude these funds as they will not have "long-term performance"? again another factor not specifically mentioned in the article.