Australian Manufacturing Workers' Union

 

Chance to look forward on super

Industry superannuation funds backed by the AMWU keep our members updated on how best to keep their retirement savings growing, with Media Super offering detailed briefings for print members from next week.

It comes as the latest SuperRatings independent research shows that not-for-profit industry funds have outperformed bank-owned superannuation funds by over 3 per cent in the past year and by 2.15 per cent annually over a 10-year cycle.

Media Super is one of the AMWU’s official superannuation partners, along with Australian Super, CBUS and MTAA Super Fund.

The Media Super free seminars will be held in all states where the fund’s investment strategies will be explained, with the various options open to members.

Media Super’s General Manager for Growth, Erick Cordero, said there had been understandable concern amid the drop in stock prices globally at the beginning of this year.

 “Super funds across Australia have seen losses in their balanced investment options in recent months – and Media Super hasn’t been immune – but it’s important to remember that markets go through cycles,” he said.

“We invest to grow your super over the longer-term. Superannuation is a long-term investment.”

He said these seminars gave members an opportunity to learn more about products and investment choices in Australia and overseas markets.

The seminars are also designed to inform people on developments in insurance and help them understand whether any changes to superannuation rules in the Federal Budget may affect them.

Media Super financial planners will also speak on factors to consider when thinking ahead about your finances in retirement.

The seminars will run in the first half of May, with full details on seminar times, locations and registration at the Media Super website www.mediasuper.com.au.

 

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