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Q: Hi
My partner started a retirement security plan with National Mutual (then AXA and now AMP) in 1981 when he commenced empkoyment at 19.Now, 40 years later, the account balance is $80000.The fees are very high, however, there is also an exit fee of currently over $6000 payable if he was to change funds.Did the Royal Commission look into this exit fee rip off.Would he be better to transfer funds to a good industry super fund and suck up the exit fees.He is not working at the moment, but we will have some money to put into super when our investments mature just aftwr his 60th birthday.
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Q: l have just received an email from REST super stating that due to govt legislation l will automatically lose my insurance cover on 1 July 2019, unless l choose to keep it.I am not working and have not for some years.What is the best thing to do?
A: Thanks Paul and James for your answers.l think l will just keep life insurance for now
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Q: l have just received an email from REST super stating that due to govt legislation l will automatically lose my insurance cover on 1 July 2019, unless l choose to keep it.I am not working and have not for some years.What is the best thing to do?
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Q: My partner and l ( both 58) have money invested in managed funds-the big 4 banks.Should we be worried about the bank inquiry hapoening this year?
A: Thanks Scott
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Q: My partner and l ( both 58) have money invested in managed funds-the big 4 banks.Should we be worried about the bank inquiry hapoening this year?
