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Super switching sees billions flow out of traditional funds, at a risk
Key takeaways
- Australians looking to grow their retirement savings need to be aware of the risks.
- For much of the past decade, retail funds have been the biggest winners in attracting billions of Australians' super.
- But in recent years, there's been a shift of retirement savings out of the major players into self-managed super funds (SMSFs).
Why this matters: an international story with cross-border implications worth tracking.
Australians looking to grow their retirement savings need to be aware of the risks. (Money, Coin, Investment, nattanan23, Pixabay license)
Link copied Share Share article For many Australians, superannuation doesn't occupy their routine thoughts until they hit their 40s.
By that time, people who have been working for most of their lives may have built up hundreds of thousands of dollars in super, and start to think more closely about whether the amount they have accumulated will help support a comfortable lifestyle in retirement.
Article preview — originally published by ABC Australia. Full story at the source.
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