Superannuation gets a classroom

A physical space has been created for superannuation education by a $9.7 billion industry fund.

Statewide Super has created the SuperHub, a centre dedicated to superannuation education and open to everyone - not just Statewide members.

The centre opened in Adelaide yesterday.

This comes after Industry Super Australia revealed South Australian workers are having $283 million in super stolen from them every year by employers.

Statwide chief executive Tony D'Alessandro said: "The Royal Commission into the Banking and Financial Services sector reminded us that we need to get people to engage with their superannuation to help them work towards a dignified retirement."

He explained that stories of South Australian employers failing to meet their super obligations spurred on the fund to create this new initiative.

"There have been too many stories of SA employees lately who are not being paid their superannuation money and one of the first steps to addressing this issue is education and engagement," D'Alessandro said.

"We want to go back to making super simple but we also understand that recent legislative and regulatory changes to the superannuation industry can be confusing. We absolutely don't want anyone to be at a disadvantage because the system has become too hard to understand and navigate."

A spokesperson for Statewide Super said approximately 65 people attended the opening.

"The common questions raised this morning have been in relation to - tax on personal contributions, request for super health checks, consolidation information and information on investment options," the spokesperson said.

"The Super Hub is a place for all South Australians, members and the general public. The main motivator behind the Super Hub is that not only Statewide Super members, but all South Australians, have the opportunity to access factual and educational information and if appropriate, seek advice regarding their superannuation."

Read more: SuperannuationStatewide SuperIndustry Super AustraliaRoyal CommissionSuperHubTony D'Alessandro
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