Financial Standard Comments - Distrust is super's biggest challenge The biggest challenge facing the superannuation system is the distrust millennials have in the financial services industry at large following years of scrutiny. https://www.financialstandard.com.au/feed/latest?story=92259831 Wed, 15 Feb 2017 15:38:13 +1100 Wed, 15 Feb 2017 15:38:13 +1100 en-AU Copyright 2026 Financial Standard 5 Comment by Robert Burns (ex Godfrey Pembroke)

As a former adviser, I am aghast at the fact that Superannuation members are not provided with an indication of the potential income they may receive from their existing benefits at a particular age - perhaps 65 with suitable comments regarding accounting for inflation and other elements necessary to providing the estimate.

Lump sums mean nothing in the real world.

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]]> Robert Burns (ex Godfrey Pembroke) Wed, 15 Feb 2017 15:38:13 +1100