Without a binding nomination, it’s up to a trustee to decide where your remaining super ends up when you die.
Articles on superannuation fund
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Emperor Augustus’ scheme for retired soldiers paid a decent sum after 25 years, so retirement age could be as young as 42 while they were still strong and healthy.
Australians have been told for decades that they’re not saving enough for retirement. But the vast majority of retirees today and in future are likely to be financially comfortable.
Principles could centre on helping members manage their money in retirement, ensuring fairness across the system, and requiring funds to maintain an active duty of care to members.
Treasurer Jim Chalmers will announce on Wednesday a package of reforms to the retirement phase of the superannuation system, to make it easier to navigate and consumer friendly.
Australia’s corporate regulator is closely examining the way death benefit and other insurance claims are processed across the entire superannuation sector.
As a person now closing in on retirement, I admit I had no idea in my 20s how much my future, and the futures of those close to me, would depend on my superannuation savings.
Our super funds say they want to invest more in the net zero transition but that regulation blocks them. It’s time to put them to the test, and turn their piles of money toward a greener future.
Superannuation funds keep merging, on the basis that bigger is better for members. But our research suggests this isn’t necessarily true.
If you’re considering putting more money into your super, and want to know more about how the whole system works, here are the basics.
Just four of Australia’s 20 biggest super funds still have no emissions reduction targets or commitments.
Compelling Australians to put even more into super runs the risk of giving them a better standard of living in retirement than they had while working.
Despite recent reforms, the superannuation system is still beset with problems such as high fees and patchy performance. You need to pay attention if you want to make sure your nest egg’s in the best hands.
Scrapping cash refunds on dividends could make the tax system fairer. But super funds could invest less in Australian companies.
Top contributors
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Program Director, Housing and Economic Security, Grattan Institute
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Adjunct Professor, Curtin Law School and Curtin Business School, Curtin University
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Lecturer in Accounting, The University of Queensland
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Professiorial Fellow, The University of Melbourne
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Associate Professor, College of Business and Economics, Australian National University
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Head of National Programs, Climateworks Centre
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Head of Sustainable Finance Hub, The University of Melbourne
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Professorial Fellow, University of Canberra
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Professor of Law (consumer protections and credit law), The University of Melbourne
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Senior Lecturer, Finance and Financial Planning, Griffith University
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Deputy Program Director, Housing and Economic Security, Grattan Institute
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Associate Professor in the UNSW Business School, UNSW
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Chief executive officer, Grattan Institute
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Lecturer, La Trobe University
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Senior Lecturer, UNSW