Hi Bec. This is a fantastic initiative and something that has been missing in the super industry. I spent 36 years working in the super industry and I can tell you the industry has been dragged to the retirement party being primarily focused on accumulation. I worked for a major industry fund and their core business is young people so while they will show that they are doing what they are “required” to for retirees, it’s not their focus. I’m a super pensioner so I’m keen to see your report and where my fund (former employer) sits. My biggest gripe is the lack of suitable investment options, ie more conservative and not share, growth or high growth index options. . Thanks for being our ambassador. Iain.
Thank you Bec for shining a light on this, it’s loooong overdue and shameful that a private individual has had to take the proactive step. As someone who had to abruptly stop working due to ill health 2 years ago at 57 (which subsequently became a permanent stop) I have been horrified at the very poor customer service/staff knowledge/clunky forms & processes that often contradict each other, etc. etc. at my “very large Industry Super fund”. If I didn’t have a background in financial services, I would have been sunk…I turn 60 next year & am dreading the inevitable stress & hassle of converting to a pension/income stream. It shouldn’t be this hard…
just don't take any cash option when you convert to an income stream, as you'll miss out on the retirement booster/bonus. My, very big super fund, neglected to tell me that.
Wonderful news Bec! If us prime timers, pre-retirees and retirees are making the effort to learn, understand and grow, our superfunds who are holding some of our biggest investments, should do the same. I can’t wait to read the report and learn how the funds are performing.
Thank you for guiding us and helping us in this prime and epic stage of our lives!!! You are truly epic in all the work you do!!
This is a fabulous idea Bec! Good for you. Looking forward to seeing the report. Thank you very much for being so proactive and innovative in the work you do - which helps all of us!
Great idea and thanks for pursuing better super fund performances for retirees. I'm looking forward to the list of funds that get a tick and which of the 12 out of 15 criteria they meet.
Hi Bec. This is a fantastic initiative and something that has been missing in the super industry. I spent 36 years working in the super industry and I can tell you the industry has been dragged to the retirement party being primarily focused on accumulation. I worked for a major industry fund and their core business is young people so while they will show that they are doing what they are “required” to for retirees, it’s not their focus. I’m a super pensioner so I’m keen to see your report and where my fund (former employer) sits. My biggest gripe is the lack of suitable investment options, ie more conservative and not share, growth or high growth index options. . Thanks for being our ambassador. Iain.
Thank you Bec for shining a light on this, it’s loooong overdue and shameful that a private individual has had to take the proactive step. As someone who had to abruptly stop working due to ill health 2 years ago at 57 (which subsequently became a permanent stop) I have been horrified at the very poor customer service/staff knowledge/clunky forms & processes that often contradict each other, etc. etc. at my “very large Industry Super fund”. If I didn’t have a background in financial services, I would have been sunk…I turn 60 next year & am dreading the inevitable stress & hassle of converting to a pension/income stream. It shouldn’t be this hard…
just don't take any cash option when you convert to an income stream, as you'll miss out on the retirement booster/bonus. My, very big super fund, neglected to tell me that.
What a thoughtful initiative for every superfund member.
That's ALL OF US!
The days of being treated like superannuated mushrooms is ending.
Thank you so much.
Awesome idea….the tick is great. The government tests administered by APRA are a very narrow set of considerations.
Wonderful news Bec! If us prime timers, pre-retirees and retirees are making the effort to learn, understand and grow, our superfunds who are holding some of our biggest investments, should do the same. I can’t wait to read the report and learn how the funds are performing.
Thank you for guiding us and helping us in this prime and epic stage of our lives!!! You are truly epic in all the work you do!!
This is a fabulous idea Bec! Good for you. Looking forward to seeing the report. Thank you very much for being so proactive and innovative in the work you do - which helps all of us!
Great idea and thanks for pursuing better super fund performances for retirees. I'm looking forward to the list of funds that get a tick and which of the 12 out of 15 criteria they meet.