Fund chief calls for cap on super lump sum paymentsBY JAMES FERNYHOUGH | THURSDAY, 4 JUL 2013 12:30PMAs more and more people approach retirement, there is a growing need to reform the way superannuation is paid out. Part of this may mean putting a cap on lump sum payments, according to MTAA Super chief executive Leeanne Turner. |
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Another crazy super idea...taking control of what is my money.
Why do the calls from various groups about stopping lump sum withdrawals, increasing contributions etc sound so much like special interest groups pleading to protect their fees?
Get the service and investment performance right and people will keep the relationship post accumulation.