New tool aims to address ‘super inadequacies’

23rd of July 2015 | by Laine Gordon

With research showing that just 35 percent of Australians will be adequately funded in retirement, Australians can’t afford to wait any longer to take action on super.

That’s why RateCity is pleased to announce a new partnership with NewsCorp’s money-saving community, which allows consumers to leverage RateCity’s leading consumer super comparison on MoneySaverHQ’s premium financial portal.

Readers of MoneySaverHQ (which is part of NewsCorp Australia’s masthead newspapers including Herald Sun, The Courier Mail and The Daily Telegraph), will be able to analyse the fees, performance and fund features on their super fund and see how it stacks up against competitor funds.

Jeremy Willink, financial commentator at RateCity.com.au, said Australians simply can’t afford to wait any longer to take action on their super.

“To think that around two thirds of Australians will have inadequate retirement savings is a scary prospect and highlights the fact that people need to take a more active role in their super now,” he said. 

“It’s important for all Australians to take a moment to check the performance of their fund and the fees they are paying because this is their money for retirement and just a few tweaks can make a huge difference to their final retirement savings.

“We’re excited to be partnering with MoneySaverHQ on this very important awareness campaign that helps to give workers the tools they need to make these changes and see how easy a super health check can be,” he said.

Louise Exton, commercial development manager at MoneySaverHQ said, “It’s great that our readers can now access a tool that allows easy comparison of a notoriously complex product. Choosing the right fund really can make a big difference by retirement and now there's no excuse not to get organised!”

The MoneySaverHQ superannuation comparison tool is now available here. For further information or enquiries, please feel free to get in touch at any time.

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