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In 2026, 1.2 million Australians switched super funds amid fee and performance concerns, prompting warnings about risky moves and a new campaign to boost financial literacy.
In 2026, around 1.2 million Australians switched superannuation funds, driven by concerns over fees, performance, and transparency, with a notable 17% increase in low-balance members moving to complex products like SMSFs and platforms—many without professional advice.
The Superannuation and Member Council launched the “Look after your super” campaign, introducing the “Golden Super Goose” to boost financial literacy among young Australians, emphasizing early action and informed decisions.
The SMC warns that unchecked switching, possibly influenced by social media, risks harming retirement outcomes, urging stronger regulations to protect vulnerable members.
En 2026, 1,2 millones de australianos cambiaron superfondos en medio de preocupaciones sobre tarifas y rendimiento, lo que provocó advertencias sobre movimientos arriesgados y una nueva campaña para impulsar la alfabetización financiera.