I had no idea where my lost super was or the names of the funds. I just new it was scattered everywhere and I should definitely have more than $3,000 in my super. Australian Super Finder found all 7 of my funds and now my balance is almost $50,000. Thank you so much for getting my super back on track. ? Leonie, Thomastown VIC

Super Facts and Tips

Investment Strategies for Super

Employers usually don't bother themselves with investment strategies on their default super fund. Such default setting is adopted as referred by the fund and is often ignored although such settings were made to work in the member's best interest. Employers just don't see any gain in providing further investigation or convincing the staff to do so. There is a perception by some that investigating the effort and time in reviewing super fund performance and looking into super funds will only waste a lot of time and energy without any significant gain.

Among some of these issues, there is the viewpoint that investing time and energy into reviewing superannuation fund performance and reconsidering default funds will only end up in lost time and productivity with no conceivable gain.

Gaining Knowledge on how to Access Superannuation before Retirement

Employers don't actively look for information relating to the early access to super benefits. Those who are aware of such process and conditions did so because of their experience with the whole procedure. There is an existing resistance in offering this kind of information in investing the needed resources towards knowing. The employee is again perceived to be the once responsible for doing the study since they are the once who will benefit from it.

Adhered Life Insurance

Employers are quite knowledgeable on whether or not their funds or default funds contain a life insurance option. In a majority of cases, this seems to be given as default and majority of employers concur to its appropriateness, especially because of the apparent lack of participation regarding investment options among employees. Despite the lack of cooperation among employees, this still seems to be the one area where they appear to have substantial knowledge of, and the consumers back this up through their feedback.

To those who are well-informed on disability options and life insurance, such information will most likely be made visible through the super fund as the employee joins the fund. This is again not something which the employers feel responsible of for their employees.

There other good super investment strategies that you can learn. You can find out what these strategies are by reading more of our articles at www.australiansuperfinder.com.au. And of you have lost super and want to consolidate multiple super funds, feel free to opt for our assistance by calling 1300 252 167

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