Flash Poll: What do you want from your super fund?

Intro

The federal government wants superannuation funds to put more effort into assisting members in the retirement phase of super.

Treasurer Jim Chalmers says it is the “next frontier”.

The 2023 Intergenerational Report has only added to that pressure, estimating that the proportion of people with accounts in the retirement phase of super will increase from 8 per cent in 2022-23 to 19 per cent in 2062-63.

Add in the fact that too many retirees are living more frugally than they need to, and inheritances are projected to jump dramatically. Blame longevity risk, which is one of those factors that almost requires a crystal ball.

Treasury wants super funds to incentivise spending, improve retirement income products, boost communication with members and offer more guidance.

But what do you want?

Question Title

* 1. Do you have a clear financial plan for retirement?

Yes