POWERED BY MOMENTUM MEDIA
(April-2002) Treasure hunt: CMSF targets lost super money
THE Conference of Major Superannuation Funds’ (CMSF) steering committee plans to organise a ‘Lost Members’ Week’, placing computers and phones in major shopping centres, along with Tax Office or rollover fund staff, to help Australians track down lost superannuation accounts.
CMSF chair Mavis Robertson says the week will be held either later this year or early next year.
“The technology is there to see what money is there. People can fill in a form on the spot and the money will be transferred,” she says.
She notes that not all lost super accounts are forgotten accounts.
“Often people do know where the money is but they just haven’t gotten around to doing anything about it.”
She hopes that super funds, eligible rollover funds, service providers, administrators, fund managers and the regulators will get behind the project and provide assistance.
“The initial response has been very good, but the details still need to be fleshed out.”
AUTHOR
Zilla Efrat
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