The banks aim to win from the changes. Ordinary working people could lose. The proposed reforms could lead to more people being in lesser-performing bank funds, which could make a world of difference to their lifestyle in retirement.
We can’t predict the future, but we do know that Industry SuperFunds have a proven track record.
The below hypothetical case studies show how much the average Industry SuperFund has delivered over the average retail super fund over the past 10 years.
These calculations are taken from our SUPERRATER tool, which you can try out for yourself here.
It makes you stop and think about the risk that these changes might pose.