Did you know that 88% of ART members under 40 sit in the default super option?!
Last year, Sunsuper and QSuper merged to form Australian Retirement Trust (ART), now one of Australia’s largest super funds that manages over $260 billion in retirement savings for 2.3 million members.
In today’s conversation, Kate Campbell chats with Anne Fuchs, ART’s Head of Advice & Acting Chief of Retirement. The duo discuss the power of making small changes, why aren’t more people interested in their super given it’s their money, the number of people that stay in the default investment option (and the long-term impact of that), whether super funds have a responsibility to help educate their members and much more!
When it comes to ART members under 40: 88% are sitting in our default option, or in other words aren’t making an active investment choice. But when they turn 40 that drops to 76% in default.
Who is Anne Fuchs?
Anne Fuchs, Chief Retirement Officer (acting) is responsible for designing and delivering market leading retirement products, services and advice to enable Australian Retirement Trust’s members to retire well with confidence.
Before stepping into this acting role, Anne was appointed Executive General Manager Advice, Guidance and Education, where she is responsible for leading the financial advice and education business.
Anne was awarded the inaugural Thought Leader of the Year award at the SuperRatings Fund of the year awards recently, and ART was also awarded Fund of the Year as voted by financial advisers.