Question
Stewart (born 9 January 1961) and Imogen (born 11 May 1961) Carraway both work full-time in WA state government departments. Imogen is an Economist (earning
Stewart (born 9 January 1961) and Imogen (born 11 May 1961) Carraway both work full-time in WA state government departments. Imogen is an Economist (earning gross income of $105,000 p.a. plus 9.5% superannuation) and Stewart is a general manager (earning gross income of $88,000 p.a. plus 9.5% superannuation). Their superannuation savings are currently held within AustralianSupers MySuper default product. They have overheard their colleagues debating the performance of AustralianSupers MySuper product and are seeking your advice on whether they should continue to keep their superannuation savings with AustralianSuper or whether they should change to another funds MySuper product. In order to analyse the market, you have conducted some research and have narrowed down to three potential MySuper options for the Carraways: -Aon MySuper -AMP Flexible Lifetime Super -Colonial First State (A subsidiary of CBA) FirstChoice Lifestage Find each MySuper products dashboard online (ensuring you pay attention to the clients age). Using information presented in each of the funds dashboards, compare the four MySuper products. In your opinion, which is the preferred MySuper product? What other information, not given in the dashboard, would you need to consider prior to giving your final advice?
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