Comments on: Government May Introduce New Legislation To Regulate Super Funds Sale Commissions http://www.money-au.com.au/finance-news/investments/government-may-introduce-new-legislation-to-regulate-super-funds-sale-commissions-5028/ Australian Finance News from Money-Au.com.au Thu, 11 Mar 2010 05:37:16 +1000 http://wordpress.org/?v=2.8.4 hourly 1 By: AlanM http://www.money-au.com.au/finance-news/investments/government-may-introduce-new-legislation-to-regulate-super-funds-sale-commissions-5028/comment-page-1/#comment-1851 AlanM Wed, 04 Nov 2009 01:05:22 +0000 http://www.money-au.com.au/finance-news/?p=5028#comment-1851 Stay away from the retail sector of superannuation. This is the big banks and includes dealer groups and financial planners (IFSA/FPA) - they will erode your super & savings! Get into an appropriate industry fund for your profession or trade. If you are in a commonwealth/state fund (likely defined benefit) or corporate fund then STAY THERE !!! Be wary of financial planners who will always try to commute/switch you to a retail product. Be aware that no one including the Government really cares about you, your super or your retirement...they just want your money (SG contributions) today for other purposes so you need to protect yourself. Cheers Stay away from the retail sector of superannuation.

This is the big banks and includes dealer groups and financial planners (IFSA/FPA) – they will erode your super & savings!

Get into an appropriate industry fund for your profession or trade.

If you are in a commonwealth/state fund (likely defined benefit) or corporate fund then STAY THERE !!!
Be wary of financial planners who will always try to commute/switch you to a retail product.

Be aware that no one including the Government really cares about you, your super or your retirement…they just want your money (SG contributions) today for other purposes so you need to protect yourself.

Cheers

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