Super & investment products miss out guarantee

Traditional bank products such as savings, transaction, debit card, term deposit and cheque accounts are all covered by the government's guarantee on deposits. Farm management accounts, pensioner deeming accounts, mortgage offset accounts, retirement savings accounts and cash management accounts are also all covered. Financial products that are not covered by the federal government's guarantee on deposits include superannuation, managed funds, debentures, mortgage trusts and managed investments such as cash management trusts, property trusts, share trusts and agricultural schemes.

Source: The Australian Financial Review

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