Register  
Simulate my retirement: Telstra Super
Tuesday, 19 October 2010 12:45pm

Telstra Super has launched a new online tool that goes beyond calculating one's retirement savings - introducing a new calculator that takes into account career breaks, having time off for children, and even a holiday to the Bahamas.

The Telstra Super Simulator allows users to generate a realistic whole-of-life snapshot of how their current savings plan positions them for retirement.

The tool goes beyond calculating an end benefit based solely on contributions - it can consider a partner's situation, as well as any non-super savings and expenditure, in order to provide a snapshot of a household's likelihood of enjoying a comfortable retirement.

It also shows a user how heavily they would rely on the Age Pension as a source of income.

Potential career breaks, such as having time off for children, are catered for and the projections adjust instantly to reflect lifestyle events - even changes in savings behaviour as they are recorded by the user.

Taking it one step further, the simulator will also factor in what people may be considering to spend on an overseas trip, a new car, debt reduction or other large expenditure to commence their new lifestyle.

"The Telstra Super Simulator enables our members and website visitors to consider the impact that a variety of financial climates and market changes could have on their super
balance," said Kevin Moloney, general manager of client development, marketing & communications.

"At the click of a button, different market climates are simulated and the projected retirement savings levels automatically adjust, making this an extremely useful
tool for people at all stages of life," he said.

Telstra Super is the latest super fund to launch or upgrade its technology tools to help members understand their super better.

First State Super launched an iPhone app that allows its 530,000 members to monitor their super anytime.

The fund also created a website that seeks to empower and inform women about their super, www.womenandsuper.com.au.

Industry fund Intrust Super is also making use of technology by creating a new online advice system that gives members free access to real-time personal advice on super, insurance and salary sacrifice options.

Blogs
Follow the industry experts.
Christopher Page
Christopher Page
Managing Director

Medcraft's appalling speech
I am surprised. More than that, I am astonished, shocked. Last week I was left speechless by the address that the Australian Securities ...read more
 
Benjamin Ong
Benjamin Ong
Chief Economist

Reflation, rotation and the taper
'Tis being my final type (drivel, to some gentle readers) for the year, we'll take a look back at the 2013 that was to seek the lessons ... read more
 
Alex Dunnin
Alex Dunnin
Director of Research & Editorial Services

Fear and hatred is what I want for Christmas
Many years ago when I started work as a country school teacher students would often moan about how they thought it was unfair that ... read more
News Search   
VideoBrought to you by
Why Multi-Asset Solutions?
Joe Fernandes, Head of Global Investment Solutions at Colonial First State Global Asset Management talks about the advantages of objective-based investing in the multi-asset space. Watch video
Adviser Efficiency
The secret sauce to an enduring adviser-and-client relationship changes from time to time. One minute it's about the adviser's ability to provide expert advice around investments and the next minute, it's ... Watch video
State Street Global Advisors SPDR S&P 500 ETF
We invite you to watch our latest video program on FSiTV featuring State Street Global Advisors (SSgA) head of SPDR ETFs Amanda Skelly, as interviewed by Mark Smith, deputy editor of Financial Standard. In ... Watch video
Get it
Daily
FREE to your inbox, get the Financial Standard Daily Email.
Get the Free
iPad app
Download the Financial Standard iPad app for FREE
Industry
Events
DEC
20
JAN
28
Financial Standard Chief Economists Forum 2015 - Sydney
30
Financial Standard Chief Economists Forum 2015 - Melbourne
MAR
25
Digital Marketing for Banking & Financial Services 2015 Summit
FEB
02
The Diversity Dividend - The Male Champions Of Change
03
Hobart GenXt National Roadshow 2015
News
Bites

$245 (inc GST) for 1 year
 
 
Copyright © 1992-2014 Rainmaker Group
All material on this site is subject to copyright. All rights reserved. No part of this material may be reproduced, translated, transmitted, framed or stored in a retrieval system for public or private use without the written permission of the publisher.
Link to something o0CAZFx8