The Superannuation Guarantee is one reason why personal financial planning has increased in importance in recent years.

(a) Why do you think that many people show a low level of interest in their superannuation fund?

(b) Will you make your decision about setting an investment portfolio choice in an accumulation fund or will you leave it to a default choice where the fund manager nominates one portfolio selection such as 'conservative' for all members who do not nominate their own selection? Write your opinion about making a choice of investments for your own superannuation fund.