Partnering with young families to take their next steps to grow and protect their wealth without making costly mistakes ►Founder of NeoWealth Management
Is your super being managed in a way you never intended it to be? Perhaps you started with First State Super, then went to VicSuper and now Aware Super have taken the reins. Or, maybe you set out with Media Super which merged with Cbus in early 2022. This likely created some headaches… additional paperwork, new log in details, the need to update employers, create new beneficiary nominations… the list goes on. Not to mention that each change results in a new fee structure, a new investment menu and different levels of personal insurance cover. Consolidation within the superannuation industry has been rife in recent years. According to The Super Guide, a staggering 36 mergers have completed in less than three years. And it doesn’t end there, Mercer Super predicts the number of super funds in Australia will decline another 30% over the next five years. So, if you’re not reviewing your super fund on a regular basis, you’ll likely end up in a completely different one than where you started. This may be a positive or it could jeopardise what can become one of your most valuable assets. If this all seems overwhelming, we can help - reach out by visiting my bio and booking in a 15-min intro call. #superannuation #financialadvice #investing #NeoWealthManagement
Partnering with young families to take their next steps to grow and protect their wealth without making costly mistakes ►Founder of NeoWealth Management
11moThis post contains information that is general in nature. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information.