Underperforming funds can cost Aussies tens (or even hundreds) of thousands of dollars over their working career. Find out if your fund is on-track, or whether it’s falling short with our free online tool.
Over 600,000 'Failed' Accounts
In it’s recent ‘Annual Superannuation Performance Test’ for 2022, APRA (The Australian Prudential Regulation Authority) found that approximately 603,000 member accounts failed the annual performance test; to the tune of approximately $27.8 Billion dollars in member funds.
The performance test, which was introduced in 2021, was bought in to provide greater transparency and accountability for underperforming funds. With the 2022 edition publicly released on September 1st, there is now renewed scrutiny for failing funds – of which 80% failed the criteria for a second straight year.
A 'Wake Up Call' For Aussie Super
Whilst most of us imagine that Super will make up the bulk of their retirement income, many Aussies don’t even know how much they’ll need to comfortably retire. With the effects of inflation, interest rate rises and the cost of living rising, this number is climbing higher-and-higher every single year.
While 1% here or there, or higher fees may not seem like much now, compounding these small changes over a working career can have dramatic impact on the bottom-line when it comes to winding down. You can find out if your fund is on-track in under 60-seconds using our free online tool. It could be the most valuable time you spend on your finances this year.
Why Work With Market Saver? Because We Work For You.
At Market Saver, our sole goal is connecting you to the right solution. Whether you’re wanting to get your personal finances on track, get your money working harder for you, or put together a plan for retirement, we’re here to help.
We strive to provide the best tools, resources and education we can, regardless of where you are in your financial journey. These can be a great ‘starting point’ to work out if you’re on track, or if you’re looking to get more educated on a specific topic.
If you’re ready to take things to the next step, we can also help you get connected to specialists who can help guide you every step of the way.
Our Process
At Market Saver, everything starts with you. By starting with your goals, dreams and desires we can help connect you to the right people, resources and strategies to achieve your dream financial future; whatever that looks like.
The first step is to fill out a short survey, which helps us understand your current position, goals and desires. This should take around 2 minutes.
One complete, your survey will be reviewed by one of our local team, who will assess your information and put together a custom-tailored solution for you.
Once we've finalised your custom solution, one of our team will get in touch to present possible solutions, resources and 'next steps'.
If you like the options we've come up with, we'll connect you with a suitable strategist from our partner network.
Information provided by Market Saver Limited (UK Company Number 14321058) is for educational purposes and is general information only. It should not be taken as constituting financial advice. Market Saver Limited is an education company and we always recommend that you do your own research and seek relevant independent legal, financial, taxation or other advice. Market Saver Limited is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly.
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