Consumer satisfaction with superannuation fund

Satisfaction with performance of industry and retail funds continues to fall

Satisfaction with the financial performance of industry and retail super funds has continued to fall, after falling as the Financial Services Royal Commission turned its attention to superannuation.

According to the latest Roy Morgan figures, 61.8% of industry fund members as satisfied with the financial performance of their fund, compared to 58.2% of retail funds. This is down 0.3% for industry funds compared to August 2018 and down 1.0% for retail funds. Though compared to a year earlier industry funds are up 2.7% and retail funds up 1.3%.Read More »Satisfaction with performance of industry and retail funds continues to fall

Satisfaction with super fund falls while Royal Commission looking at sector

Consumer satisfaction with the financial performance of their super funds has fallen at the same time as the Banking Royal Commission was holding hearings into the sector. Comparing statistics released by Roy Morgan Research for August 2018 to figures for June 2018 finds there was generally a fall in consumer… Read More »Satisfaction with super fund falls while Royal Commission looking at sector