That is the first line from the APC 2018 Inquiry into Superannuation, summarising their findings. The following are some of the key points taken verbatim from that report.
Millions of Australians have been defaulted and are unaware. Millions of Australians have multiple accounts or lost funds and are unaware.
Our process shows you if you have multiple, hidden, or lost accounts, which then gives you the option to consolidate them.
Our process shows you the investment strategy of your current fund.
All our fees are transparent. When you receive an SOA from our partners, all fees are factored in to your projections, rather than hidden at the bottom of the page.
We only focus on your interests, not the interests of any super fund corporation.
Our process shows you if you’ve been defaulted, where you’re on track for at retirement age, and let’s you compare that reality with other options.
Our partner financial advisers perform a full insurance review with you, after reviewing your super.
We provide salient information and impartial advice to help you find the best product.
We empower you to choose your own product from a best in show list after a competitive and independent process.
From the Australian Government Productivity Commission Dec 2018 Report | Inquiry into Superannuation
Your balance at retirement age is a number – let’s try to make it bigger.