How much do you know about your Super?

South Australians invest a lot of money into super each year but how much do they know about their own investments?

80% know how many super funds they have.
75% know the name of their primary super fund.
50% know the percentage of their wage that goes into their super.
20% know about the risk Vs return balance of the super.
10% know how much super they have.
5% know what the rate of return is on their super investments.
1% know where their super is invested.
Less than 1% care about which companies their super is invested in.

Why should you care where your super is invested? If you don’t care then your super gets used to support unethical companies who invest your money in environmentally and socially damaging activities. Why should this bother you? This should bother you because these investments are not economically or morally sustainable.

If you are concerned about where your super is being invested then ask your super fund if the have a SRI (Socially Responsible Investment) super option. SRI super is important because it actively encourages companies to reduce pollution, observe international human rights standards and become more accountable to society.

If work for a South Australian Government department then you have no option to choose your super fund and the compulsory employer contribution component of your super goes straight to Super SA. Super SA is the only state government super fund in Australia that does not have a SRI option. If you are a Super SA member that would like a SRI super option please go online and sign the SRI for Super SA petition.

www.gopetition.com.au/petitions/super-sa-socially-responsible-investment-option.html