Is your Superannuation fleecing you?
Are you one of the 5 million Australians being fleeced $3bn by their own superannuation provider?
That seems like a ridiculous number of people being robbed of a lot of money, but unfortunately this is the case - and that’s only for members under the age of 25. The rest of the Australia population is still losing out - except it’s much harder for them to unravel the superannuation web that is leaching their money away.
The Royal Commission  has been looking into this and the further they dig, the worse it gets.
If you have a job, you are forced to pay money into superannuation – the Australian Government  says so;
Most superannuation funds have compulsory, or default insurance  – that most Australians just don’t know about;
Many superannuation funds are run by Australia’s largest banks; banks which are built to make profits for their shareholders;
The Royal Commission has shown that often the banks decide to make the profits for themselves rather than profits for you, their customer . Two main issues have been found:
1) Poor investment choice; and
2) Charging for insurances that might not ever pay even $1 to you, the customer.
All up, the estimated cost to everyday Australians, like you, is well over $3bn .
That’s billions of dollars that has come from your pocket and gone to the banks, AMP etc.
You have a choice however, and you can make this stop and protect yourself from being fleeced any further.
If you want to speak with a professional adviser about your superannuation, book an obligation-free phone conference here.
 Superannuation Guarantee Act 1992.
,4 Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, Consumer interactions with the superannuation industry, Background Paper 22.
 The Hon Kelly O’Dwyer MP, Minister for Revenue and Financial Services, ‘Encouraging and rewarding Australians by protecting your superannuation’ (Media release) 8 May 2018 <http://kmo.ministers.treasury.gov.au/media-release/050-2018/>.