What's eating your super?

Article Abstract:

How much superannuation (retirement) fund money in Australia is disappearing in fees is not certain, but one estimate is A$4 bil. The annual investment management fees paid by funds are calculated by research specialist Ross Calre to be $1.9 bil per year and he estimates administration charges for to A$2.2 bil. Some think those figures are low and that another A$600 mil-$700 mil could be added for more accuracy. Members should be aware of fees and charges and consider that in the future more opportunities to move from fund to fund will be available. The complexity of the current situation discourages individuals for the most part from trying to understand the fees.

Planning, Financial services industry, Financial services, Investments, Pensions, Mutual funds, Taxation, Investors

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Super choice: another big bang looms

Article Abstract:

When employee-fund choice enters the financial service market in mid-1998 for new employees and 2000 for all employes, the face of Australia's financial services market will change. In the Oct 1987 crash, few people were in a position to lose the amount of money that could be lost by making the wrong choice of superannuation fund for retirement benefits.

Financial planning, Employee stock ownership plans

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Super choice not widely used, nor understood

Article Abstract:

Issues related to pension funds for employees are examined, focusing on the opportunities employees have to make investment choices in their employer-sponsored pension fund. Topics include plans offered by Host Plus, for hotel employees, and by JUST, offered for journalists and employees in the entertainment industry.

Australia, Pension funds, Retirement

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