AustralianSuper to charge for over-the-phone adviceBY JAMES FERNYHOUGH | TUESDAY, 23 SEP 2014 12:30PMAustralianSuper has told members it will soon start charging for over-the-phone advice relating to transition to retirement strategies. Related News |
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"No one from AustralianSuper was available to comment at time of writing."...of course they weren't, they were in the industry super fund corporate box at the MCG...!!
As a member I am extremely concerned that AustralianSuper wants to charge for providing basic information such as how to open an AustralianSuper Choice Income retirement account, and/or transfer funds to it.
The fee appears to target members who are least knowledgeable - which usually means those who can least afford it.
One wonders what Bernie Fraser would make of it all.