Distrust is super's biggest challengeBY JAMIE WILLIAMSON | WEDNESDAY, 15 FEB 2017 11:59AM The biggest challenge facing the superannuation system is the distrust millennials have in the financial services industry at large following years of scrutiny. Related News |
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Andrew Gregory
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After 25 years, Andrew Gregory remains motivated by the impact financial advice can have on Australians' lives. As UniSuper's chief advice officer, he is not slowing down on any of his current ambitions. Matthew Wai writes.
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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.