Compare pears with pears, not apples

Australia’s Industry Super Funds have been running the highly effective ‘compare the pair’ campaign for many years. However, Zenith (a leading research consulting firm) argue in a recent paper that ‘this comparison is not straightforward and is often misleading’. Zenith’s research focus on what constitutes a ‘Balanced’ Super Fund portfolio. They argue that most people’s definition of  ‘balanced’ is something like a 60/40 mix of Growth and Defensive assets. However, the so-called Balanced Option of Industry Super Fund, Host Plus, [...]

2019-10-04T05:28:45+09:30October 3rd, 2019|Superannuation|

Why your insurance within super could be at risk from July 1

Anyone holding insurance inside of super must be aware of the upcoming changes to inactive accounts, and to take prompt action if they wish to avoid having insurance they need cancelled. What is changing? From 1 July this year, super funds will be required to cancel insurance cover within accounts if the account is deemed inactive. An inactive account is defined as any super account that: has not received a contribution or rollover for 16 continuous months, and the member has [...]

2019-06-05T01:23:20+09:30May 31st, 2019|Federal Budget, FinSec Post, Insurance, Superannuation|