18 June, 2008
The recent market turmoil and uncertainty will see many, if not most superannuation fund members opening their statements this year and wondering where their retirement savings have gone.
In the wake of the sub-prime crisis and the global credit crunch super funds are expected to post negative returns on member’s retirement savings.
For many of us superannuation is an afterthought, a number on a payslip that our employer deals with - that is, until we get our annual statement.
This year more than any other since the introduction of Super Choice the relationships that our superannuation funds have with us will determine what happens when we open that envelope.
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