It has been 3 years since the introduction of MySuper and the requirement for employers to contribute to a MySuper product for employees who do not make an active investment choice.
There are currently over one hundred MySuper products and it can be very difficult to understand the different product designs, including the wide variation of investment performance (net of fees and taxes) and levels of insurance cover. Your employees deserve market-leading benefits, rather than a default MySuper fund with high fees and low investment returns.
When looking at your superannuation fund arrangements, have you considered:
KPMG’s experienced superannuation specialists provide strategic reviews of superannuation funds and are well positioned to help you select a MySuper product offering with market-leading benefits that is right for your employees.