Superannuation: why we stick with the duds
- Written by Susan Thorp, Professor of Finance, University of Sydney
We find it hard to read forms and to understand risk, so we stick with what we know.Shutterstock
Picking an under-performing superannuation fund can cost you about 13 years’ pay over a working lifetime - roughly the value of an apartment in Melbourne or Sydney.
High fees alone can delete two years’ pay, and poor investment performance...