Super guide from ASIC
The Australian Investments and Securities Commission has released a guide, “Super Decisions: Making Superannuation Choices”, which explains how superannuation works and the regulations governing it.
The guide also covers how to stop charges and fees eating into retirement savings, how to judge a fund's performance and what super investment choices mean.
ASIC's executive director of consumer protection, Peter Kell, says that people don't know how to make the best of their super. It's generally a person's largest investment outside the family home, he said, yet many of us don't know enough about it.
The guide is free and can be obtained either by accessing ASIC's web site www.fido.asic.gov.au, or by calling the ASIC Infoline on 1300 300 630.