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"A kick in the guts": Mechanic Greg suffered a spinal injury that left him unable to work, but he got nothing from the disability insurance in his super due to an exemption:
New from me for @choiceaustralia / @ConsumersSuper
bit.ly/460iA0c
Super laws mean a perpetrator of domestic/family violence can claim the super of their victim when the victim dies
Family members of victims and peak bodies are calling for urgent change.
New from me for @choiceaustralia/@ConsumersSuper
bit.ly/4hhhL9M
Daniel Herborn retweeted
When I was doing my insurances for the first time years ago I also found TPD calculators useless.
In this month's @choiceaustralia magazine:
Many super funds provide retirement calculators to help people work out how much income they can expect in retirement.
But a @ConsumersSuper deep dive found many of these tools are seriously flawed.
In this month's @choiceaustralia magazine:
Many super funds provide retirement calculators to help people work out how much income they can expect in retirement.
But a @ConsumersSuper deep dive found many of these tools are seriously flawed.
Many super funds provide retirement calculators for their members, but a deep dive by @ConsumersSuper found serious problems with these tools.
New for me for @choiceaustralia magazine:
Making a disability insurance claim through the insurance in your super can be very taxing.
We've put together some practical advice on how to know if you're eligible to claim and what to expect.
New from me for @choiceaustralia / @ConsumersSuper
bit.ly/4dF2YD0
Some super funds pay bonuses to their members who move into the retirement phase.
@ConsumersSuper says it's unfair that funds can take back these bonuses when members don't follow their rules.
#RetirementPlanning
New from me for @choiceaustralia:
bit.ly/4d6oRL8
New from me for this month's @choiceaustralia: Super Consumers Australia says new measures to prevent super scams are a good start, but only cover about a quarter of Australians.
cc: @ConsumersSuper
Daniel Herborn retweeted
SCA's @xavierohalloran on insurance in super:
"The deep flaws in insurance in super are standing in the way of attempts to maximise Australians' retirement incomes. (This insurance) is falling short of community expectations."
(1/3)
Daniel Herborn retweeted
Australian retirees have been left out of APRA's performance test for the 4th year running. This failure to test products is leaving retirees in the dark about whether super funds are managing their money appropriately.
Read our MR: bit.ly/3Msa2Yy
Daniel Herborn retweeted
Great to see the industry listening to issues experienced by members for many years. Now we’d love to see mandatory standards for funds to have a family violence policy and a best practice response to financial abuse.
Link in comments.
Daniel Herborn retweeted
Super Consumers Australia says a review is urgently needed. Read more: bit.ly/3WCm4nK
Increasingly, retired Australians are renting. These renters need to spend much more on housing than homeowners.
Super Consumers Australia says we need policy solutions that work for this growing group.
New from me for @choiceaustralia / @ConsumersSuper
Daniel Herborn retweeted
Pleased to see @StephenJonesMP identify super scams as a future area of focus in today's @PressClubAust address. We want to see this code fast-tracked to protect Australians' retirement savings. Link in comments.
Daniel Herborn retweeted
Important investigation by @michaelatkin
on the cold callers pressuring people to switch super funds.
"We think there is a real likelihood...people are getting charged fees that are inappropriately high" says ASIC's Sarah Court.
cc: @choiceaustralia
bit.ly/3LCWid1
Advocacy groups say the super death benefit system is inflexible and doesn't recognise First Nations kinship structures, meaning people can't leave their money to those they consider family members.
New from me for @ConsumersSuper /@choiceaustralia:
bit.ly/3WllxoT
Daniel Herborn retweeted
Accessing your loved one's super after they die can be a nightmare. Super Consumers says the system needs an urgent review. Read our new article here: bit.ly/3YoUn34
Daniel Herborn retweeted
Recent high-profile account problems have highlighted the need for tighter security and responsiveness when issues arise. Read more: bit.ly/3XRTSOT @ConsumersSuper
In this month's @choiceaustralia mag:
We'd love to hear from you about your experience with super and insurance in super.
These stories help us advocate for the most important stakeholders in the system - the millions of Australians with super accounts. cc: @ConsumersSuper
Daniel Herborn retweeted
Lee lost his life savings of $180k in super to scammers. Super Consumers' policy manager @beksarkoezy spoke to @abcnews on super scams and why we need better protections: bit.ly/3VIRJlP