In November last year I published a post called Time to Risk Assess your Super and Insurance and since that time (almost 12 months) the relevance of that post certainly hasn't decreased, in fact I think it’s increased.
In the last year there has been little improvement in the resource industry. Redundancies continue, and to make things worse, industry super funds continue to provide very poor returns despite solid gains on local equity markets.
We have little control over the state of the resources industry.
However, we can control where our super is invested and how our insurance is structured.
Check your recent statement from your super fund which you should have received over the last few weeks.
If you’re not happy with the returns, don’t ignore it. Do something about it. After all, it’s your money.
My time as a Site Senior Executive (SSE) in the Queensland Resources Industry has taught me many things.
The most powerful is that of the simple ris…