Gday Marc
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Yeah, that's always baffled me that they charge that much to "oversee" money I can't use
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I think you are missing the underlying problem. ( they are brilliant at this )
The financial industry can only survive if it has money to churn ( for a percentage ) or a big pile of static money that they can nip fees off the side when no one is looking. They can only do that from people
who have actually saved money.
I stopped putting money into super as soon as i could and invest it externally myself.
I reckon in a few years when the finacial situation in Oz gets worse, super will become the feed stock for everyone who needs some money, and there will be nothing you can do about it.
Andrew