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Superannuation Funds Lag in Retirement Preparedness

1 min read | July 21, 2024 11:00 PM BST | By Team Kalkine Media
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New research reveals that most superannuation funds are falling short in adequately preparing their customers for retirement. This shortcoming is evident in several areas, such as a lack of comprehensive retirement planning guidance, inadequate personalized investment advice, and poor communication regarding potential retirement outcomes. Consequently, many individuals are left with unrealistic expectations and insufficient savings for their retirement years. The research highlights an urgent need for superannuation funds to improve their educational resources and support services, ensuring that customers are well-informed and better equipped to achieve financial security in retirement. This involves not only providing tailored investment strategies but also fostering a deeper understanding of the steps required to build a robust retirement fund.

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