Powered by MOMENTUM MEDIA
UniSuper launches comparison service

UniSuper launches comparison service

Killian Plastow
— 1 minute read

Research and higher education superannuation fund UniSuper has announced the launch of a peer-to-peer comparison tool.

The tool, called ‘Compare me’, allows members to measure their super balance against the average balance of fund members with similar profiles to their own.

UniSuper chief executive Kevin O’Sullivan says the program will allow members to “improve their current situation sooner rather than later”.

Advertisement
Advertisement

“By allowing individual members to compare their situation to other members with a similar profile, we are able to give a clear indication of how they are progressing toward their retirement goals,” he said.

The program was developed following research conducted with Investment Trends, which indicated that over a third of the fund’s members wanted to know the average balance of similar fund members.

The tool is currently available through the UniSuper website, and uses age, gender, current account balance and product to provide a comparison in the form of a bar graph.

Read more:

Don't fret about UK exposure, says Morningstar

ASIC removes conditions from Macquarie's licence

ESG reporting on ASX hits 90%, says ACSI

Growth funds break even in 2015-16

Decimal adds to advisory board

 

UniSuper launches comparison service
comparison service
ID logo

related articles

  • Major banks update home lending policy

    Two of the big four banks have updated their home loan serviceability assessment policy in response to APRA’s regulatory amendments. ...

  • Aus ETFs surpass $50bn

    The Australian exchange-traded fund industry has overtaken the $50-billion milestone, according to the newly published report by BetaShares....

  • Banking reputation at rock bottom

    One chief executive has said that the reputation of bankers was at rock bottom and hoped that it would not get any worse. ...

promoted stories

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.