Wed, 25th Sep 2024

In this podcast, Paige Estritori discusses Australians' lack of engagement with their superannuation. A Finder survey reveals a troubling apathy, with men reportedly more engaged than women. Lost and unclaimed super accounts amount to a massive $17.8 billion across 7.1 million accounts, emphasizing the need for better fund management. Addressing this issue, the federal government has launched reforms to ease exit from outdated schemes. Also discussed is a fraud case highlighting the super system's vulnerability, and a proposed merger between TelstraSuper and Equip Super aiming to provide more value to members. Lastly, more millennials are turning to self-managed super funds for property investment, despite potential challenges from taxation amendments and competition. The podcast wraps up by reminding listeners that their superannuation is their future and encourages active management.