Fund members still resisting super engagementBY ALEX DUNNIN | THURSDAY, 17 OCT 2013 12:00PMDespite the considerable work by super funds to engage their memberships, two just released consumer surveys have again affirmed the difficulty they face in gaining traction among members. Related News |
Editor's Choice
RBA on hold but keeps door open for more hikes
|The Reserve Bank of Australia has kept the door open for further tightening despite keeping the cash rate steady at 4.35%.
DASH appoints new chief executive
|DASH Technology Group appointed a new chief executive, replacing the incumbent who left the company in May.
GQG sees $6.4bn outflows in July
|GQG Partners recorded another significant month of client redemptions in July, with net outflows of US$4.5 billion ($6.4b), as the global fund manager continued to face pressure on funds under management.
A tough year for high-duration bond investors: Morningstar
|New analysis depicted duration as the biggest headwind for bond investors, with both Australian and global bonds labelled as the "laggards" against their peers over the 12 months to June end.
Further Reading
Products
Featured Profile

Andrew Gregory
CHIEF ADVICE OFFICER
UNISUPER
UNISUPER
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.







This issue will remain despite the efforts of funds. The reason is simple - the members simply do not see it as their money until they get older. The fact that they do not have to contribute and be involved in funding their retirement is the primary fact. Money would be better spent on lobbying Governments to introduce compulsory member contributions, including a compulsory increase in taxation of self-employed persons with the increase being their contribution to their retirement. The fact that self-employed individuals can "usually" find far greater tax deductions than employed persons means that they become a "drag" on future taxpayers having to fund their Age Pension "entitlements". The other fact that many conducting business in many industries these days force employees to obtain ABN's & become "self employed" sub-contractors to escape SGC obligations, despite the "rules" and the absence of any serious action by the ATO to successfully address this issue causes an imbalance in tax revenue, community obligations and forces greater obligations on tomorrow's taxpayers who actually pay it!