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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Judith Fiander
CHIEF EXECUTIVE OFFICER
AUSTRALIAN PHILANTHROPIC SERVICES
AUSTRALIAN PHILANTHROPIC SERVICES
When Judith Fiander first walked in the doors of Australian Philanthropic Services her intention was to volunteer for a few months. Fast forward 14 years and she is the chief executive. Eliza Bavin writes.
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.