300,000 plan to shift their super

About 8 per cent of people say they will take advantage of the new laws that allow them to choose the own superannuation fund provider, a survey by the Association of Superannuation Funds of Australia has found. This means that around $65 billion of super savings may change manager. Much of this money may shit into do-it-yourself funds. AFSA estimate that only three quarters of those who say they will shift will do so, which means about 300,000 will take steps to change their super scheme.

Advertisement