Most people working in the Australian superannuation industry believe they are being adequately remunerated.
That is the bottom line to emerge from the latest IUS/Super Review Super Outlook survey, which reveals that few people are unhappy with what they are being paid.
Asked to look at the superannuation industry and its standing in the Australian financial services industry, respondents rated their level of remuneration when compared to other sectors.
Surprising many in the industry, nearly 60 per cent of respondents rated their remuneration level as being ‘excellent’ (11.6 per cent) or ‘good’ (47.3 per cent).
Perhaps even more importantly, a further 32.9 per cent of respondents rated their remuneration as being ‘adequate’, with only 8.2 per cent rating it as ‘poor’, and no one believing they were ‘very poorly’ remunerated.
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.
The $9 billion fund is backing agriculture investor GO.FARM, with its capital already directed towards enhancing two key assets.
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