Article Abstract:
An independent survey of 1200 people found that nearly 20 percent who read their superannuation statements did not understand them and 10 percent had not read their statement. The Australian Securities and Investments Commission (ASIC) and the Association of Superannuation Funds of Australia (ASFA) are pushing for short, simple documents that would include information about the nature of the super product, the risks involved, fees and charges and the products' investment performance.
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Article Abstract:
The new definitions of a self-managed DIY super fund are discussed. With the introduction of the superannuation funds, many trustees have to get their funds organized by March next year to meet the requirements
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Article Abstract:
The survey results of ANOP Research Services for the Association of Superannuation Funds of Australia on the choice of superannuation fund members in Australia are examined.
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