Sunday, February 27, 2005

Super Seduction

By Jim Maher Workers Online

Sharks are circling your super. From July 1, banks and financial planners will have access to the nesteggs of an extra four million workers.

How would you like to have an extra $212,000 in the bank?

That's one question posed by research into the performance of various superannuation products on the Australian market.

Rainmaker Information analysts concluded that a worker in an industry fund earning $40,000 a year, with $10,000 accrued today, could end up $212,000 better off than someone in a for-profit arrangement.

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