Super Consumers Australia (@consumerssuper) 's Twitter Profile
Super Consumers Australia

@consumerssuper

We're an independent consumer advocate dedicated to keeping the superannuation industry honest and consumer focused. Links & retweets ≠ endorsement

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linkhttp://www.superconsumers.com.au calendar_today08-07-2019 02:10:19

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Moneysmart (@moneysmartteam) 's Twitter Profile Photo

If you've got multiple super funds — perhaps from different jobs — you might want to consider merging them into one to save on fees. Here's what to consider moneysmart.gov.au/how-super-work…

If you've got multiple super funds — perhaps from different jobs — you might want to consider merging them into one to save on fees. Here's what to consider moneysmart.gov.au/how-super-work…
Daniel Herborn (@d_herborn) 's Twitter Profile Photo

In this month's CHOICE magazine: Many super funds provide retirement calculators to help people work out how much income they can expect in retirement. But a Super Consumers Australia deep dive found many of these tools are seriously flawed.

In this month's <a href="/choiceaustralia/">CHOICE</a> magazine:

Many super funds provide retirement calculators to help people work out how much income they can expect in retirement.

But a <a href="/ConsumersSuper/">Super Consumers Australia</a> deep dive found many of these tools are seriously flawed.
Super Consumers Australia (@consumerssuper) 's Twitter Profile Photo

ICYMI: A little-known administrative hurdle is prohibiting tens of thousands of Australians from accessing tax-free account-based pensions. Super Consumers Australia's Katrina Ellis says minimum-balance requirements for account-based pensions are “just wrong”. bit.ly/3Ny6nZB

Daniel Herborn (@d_herborn) 's Twitter Profile Photo

Super laws mean a perpetrator of domestic/family violence can claim the super of their victim when the victim dies Family members of victims and peak bodies are calling for urgent change. New from me for CHOICE/Super Consumers Australia bit.ly/4hhhL9M

Super Consumers Australia (@consumerssuper) 's Twitter Profile Photo

By law, someone who perpetrates domestic and family violence against their spouse can claim their victim's super when they die. We are calling for urgent reform. Read our new article for more: bit.ly/4flsSgl

Super Consumers Australia (@consumerssuper) 's Twitter Profile Photo

SCA's Xavier O'Halloran told ABC's Patrick Wright that seemingly minor differences in performance or fees can make a vast difference to retirement outcomes. "Even half a per cent difference in fees or performance can lead to $100,000 difference" bit.ly/4e32XJ6

Super Consumers Australia (@consumerssuper) 's Twitter Profile Photo

We've found that a huge 80% of super funds impose a minimum balance on account-based pensions, forcing retired members with the lowest balances to stay in the accumulation phase, paying unnecessary tax on their earnings. Read our new article: bit.ly/3CizJc2

Super Consumers Australia (@consumerssuper) 's Twitter Profile Photo

ASIC's court action against CBUS for long insurance claims handling delays highlights the urgent need for the Federal Government to mandate member service standards. Read our MR: bit.ly/4fMxnAP

ASIC's court action against CBUS for long insurance claims handling delays highlights the urgent need for the Federal Government to mandate member service standards. Read our MR: bit.ly/4fMxnAP
Super Consumers Australia (@consumerssuper) 's Twitter Profile Photo

Recently we released an article highlighting how victim-survivors of family violence are let down by the super system. Read our new related article on financial abuse in super, and why we need urgent action. bit.ly/3Z8lzmE

Super Consumers Australia (@consumerssuper) 's Twitter Profile Photo

We welcome Stephen Jones' announcement on improvements to the retirement phase of #superannuation, but faster progress is needed. Our media release: bit.ly/4fMAuZC

Super Consumers Australia (@consumerssuper) 's Twitter Profile Photo

In a huge win for consumers, the government has announced it will introduce mandatory customer service standards to super. We welcome the government's commitment and look forward to representing consumers in the subsequent consultation. Read our MR: bit.ly/40SDkaO

In a huge win for consumers, the government has announced it will introduce mandatory customer service standards to super.

We welcome the government's commitment and look forward to representing consumers in the subsequent consultation. 

Read our MR: bit.ly/40SDkaO
Super Consumers Australia (@consumerssuper) 's Twitter Profile Photo

🚨 New submission: financial advice reform isn’t enough on its own. The Fed Govt’s latest reforms aim to expand the advice super funds can give, but without better retirement products, these changes won’t deliver. Read our submission: bit.ly/4e4Yuam

🚨 New submission: financial advice reform isn’t enough on its own. The Fed Govt’s latest reforms aim to expand the advice super funds can give, but without better retirement products, these changes won’t deliver.

Read our submission: bit.ly/4e4Yuam