huh, what the....have no idea what some of you are on about
most people have no choice about super, its compulsory, paid by the employers, the workers cannot access it until retirement age...likr 65 and growing higher it is not an investment ??....tell that to the superfund managers... it is designed to earn income and grow over a long period of time...and to beat inflation...provide a nest egg for the worker, to keep him off welfare in his old age..
and the majority of managers hold the super, retirement money, in shares....predominately, hence the funds assets have gone backwards in the past few years
employees can choose, high risk, low risk, cash etc... the employer contributions are taxed up front at 15% each year to begin with... so too are the employee's own contributions
the superfunds charge the members a fee so most workers are behind the odd ball to begin with...
its mainly the private superfunds, managed by the owners, that hold assets across different asset classes.... including property many hold commercial property, with cash and shares most people I know with their own superfunds, have outperformed the retail and public funds, every year
they are not so gung ho, its their money they are dealing with... whereas the retail funds know there will be billions added each and every year, and its not their money, although they are rewarded if they exceed bench marks each year... I am sure there are dedicated people managing the super, but there are also cowboys...as in any organisation
the theme at the start of this thread, was how some people close to retirement, have to postpone it, because the funds did not perform...and in fact lost money....
